A Quota Is

question 179

Multiple Choice

A quota is

• A)a tax placed on imports.
• B)a limit on the quantity of imports.
• C)a tax on exports to other countries.
• D)an excess of exports over imports.

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Definitions:

Domestic Corporations

Companies that are incorporated and operate within their home country's jurisdiction.

Subsidiary Corporation

A company that is completely or partly owned and wholly controlled by another company, known as the parent company.

Holding Company

A company created to buy and own the shares of other companies, which it then controls.

Board of Directors

A group of individuals elected to represent shareholders and govern the affairs of a corporation.