A Quota Is

question 39

Multiple Choice

A quota is

• A) A limit on the quantity of a good that may be imported.
• B) A tax imposed on imported goods.
• C) A prohibition against trading a good.
• D) An elimination of trade to nurture an infant industry.

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Definitions:

Solve

The process of finding an answer or explanation for a problem or question.

Drapery Store

A retail establishment that specializes in selling cloth and other materials for windows and home decoration.

Gold Fabric

A material made using gold threads, often used in luxury textiles or high-end fashion.

Markup

The difference between the selling price and the unit cost of an item of merchandise. (Also called gross profit.)