Question

A quota is a limit on how much of a good can be imported.

Question 4 options:
True
False

Answer 1

True

Step-by-step explanation:

A quota is a restriction on trade by the government to limit the number of products a country can export or import. It is better than tariffs because quota does not affect the domestic consumers and producers. However, it affects the domestic economy. The government imposes quotas to protect domestic industries and national security.