Question

International trade is the exchange of goods and services between countries. This sometimes involves the use of quotas. What is a quota?

A) a tax on an imported good
B) a payment to encourage trade
C) the refusal to export some goods
D) an amount that can legally be imported

Answer 1

D

Step-by-step explanation:

Correct

A quota is an amount that can legally be imported. This is a type of trade barrier that is usually meant to protect business within the country that issues the quota

Answer 2

D

Step-by-step explanation: