Which of the Following Designates the Maximum Quantity of a Product

question 68

Multiple Choice

Which of the following designates the maximum quantity of a product that may be brought into a country during a specified time period?

• A)Tariff
• B)Embargo
• C)Duty
• D)Exchange rate
• E)Quota

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Definitions:

Buyer

An individual or organization that purchases goods or services from another entity.

Tax

Mandatory financial charges imposed by a government on individuals, corporations, or other entities to fund public expenditures and services.

Sellers

Individuals or entities that offer goods or services in exchange for payment or other forms of compensation.

Tax

A mandatory financial charge or some other type of levy imposed upon a taxpayer by a governmental organization in order to fund government spending and various public expenditures.