Question

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

Question 4 options:
True
False

Answer 1

The answer is true

Step-by-step explanation:

a fixed share of something that a person or group is entitled to receive or is bound to contribute.

Answer 2

True

Step-by-step explanation:

A quota is the fixed amount or share of something that can be received by an individual or an organization or can be contributed by an organization to a cause at a given time. there are different quotas like

• Export quota : this is the amount of goods and services that is allowed or permitted to be contributed by an exporter to the total amount of goods and services to be exported by the Economy
• Import Quota : this is the amount of goods and services that is allowed or permitted to be imported by an importer it is a kind of trade restriction that is used to help economy of the country especially to help local manufacturers of the products been imported.

A quota helps to regulate and avoid abuse of products within reach.