Which of the Following Is a Difference Between a Quota

question 9

Multiple Choice

Which of the following is a difference between a quota and a boycott?

• A)​A boycott is a limit on the amount of goods entering a country, whereas a quota is a tax levied on goods entering a country.
• B)A boycott is the revenue received from international trade, whereas a quota is the revenue received from domestic trade.
• C)A boycott is used to include all foreign competition, whereas a quota is used by governments to exclude companies from countries with which they have a political dispute.
• D)​A boycott is the exclusion of all products from certain countries or companies, whereas a quota is a means of protection from foreign competition.

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Definitions:

Automatically Terminate

The ending of an agreement, contract, or employment without the need for action by either party, often triggered by predetermined conditions.

Contractual Capacity

The legal ability of an individual or entity to enter into a contract, requiring an understanding of the terms and the ability to comprehend its obligations.

Promissory Estoppel

A doctrine under which a promise is binding if the promise is clear and definite, the promisee justifiably relies on the promise, the reliance is reasonable and substantial, and justice will be better served by enforcing the promise.

Consideration

A fundamental concept in contract law that involves something of value exchanged between parties as part of an agreement.