In International Trade, What Is a Quota

question 96

Multiple Choice

In international trade, what is a quota?

• A)a guarantee by one country to buy some minimum amount from another
• B)a quantitative limit on the amount of a product that can be imported or exported
• C)a countertrade arrangement that establishes the value of imports and exports
• D)a bilateral agreement calling for mutual access to markets

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Definitions:

Emotionally Stable

Pertains to individuals who have a consistent control over their emotions and can handle stress or challenging situations without extreme reactions.

Openness

This is a personality trait that involves appreciation for new experiences, curiosity, and openness to different ideas, cultures, and feelings.

Extraversion

A personality trait characterized by high levels of sociability, talkativeness, energy and assertiveness.

Agreeableness

A personality trait characterized by attributes such as being kind, sympathetic, cooperative, warm, and considerate.