A Quota Is

question 113

Multiple Choice

A quota is

• A)a limit placed on the quantity of goods that can be imported into a country.
• B)a tax imposed by a government on goods imported into a country.
• C)a subsidy granted to importers of a vital input.
• D)a health and safety restriction imposed on an imported product.

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Definitions:

Buyout Price

The agreed amount for which an ownership interest in a business can be purchased outright.

Court Order

A formal instruction issued by a court that requires a person or entity to do or not do something.

Mining Partnerships

A specific type of partnership formed usually for the purpose of exploring for, developing, and operating mines and extracting minerals.

Dissolution

The process of officially ending the existence of a legal entity such as a company or partnership.