In International Commerce, a Quota Refers to

question 145

Multiple Choice

In international commerce, a quota refers to

• A) a government tax on products or services entering a country that primarily serves to raise prices on imports.
• B) government payments to companies or industries that serve to lower costs and provide a competitive advantage to domestic industries.
• C) a restriction placed on the amount of a product allowed to enter or leave a country.
• D) a minimum requirement for the purchase of specific products or services between two nations.
• E) a refusal to purchase or exchange products or services with another nation unless certain financial or ideological requirements have been satisfied.

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