A Quota Is

question 116

Multiple Choice

A quota is

• A)A limit on the quantity of a good that may be imported.
• B)A tax imposed on imported goods.
• C)A prohibition against trading a good.

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Definitions:

Judicial Proceeding

A formal process before a court of law involving the adjudication of legal claims or disputes.

Contract

An agreement that can be enforced in court; formed by two or more parties, each of whom agrees to perform or to refrain from performing some act now or in the future.

Federal Statute

A law enacted by the national government of a country.

U.S. Constitution

The foundational document of the United States that outlines the framework of the government and the rights and freedoms of its citizens.