A Quota Is

question 59

Multiple Choice

A quota is

• A)a tariff imposed on goods that are dumped in the country.
• B)a law that prevents ecologically damaging goods to be imported into a country.
• C)a market-imposed balancing factor that keeps prices of imports and exports in equilibrium.
• D)a government-imposed restriction on the quantity of a specific good that can be imported.

---

Definitions:

Misrepresentations

False or misleading statements that can render a contract void or voidable if relied upon by the aggrieved party.

Principal

The primary party or individual involved in a contract or agreement, often responsible for the obligations and benefits of the contract.

Authorized Transactions

Transactions that are approved or processed, especially in the context of financial dealings or other formal agreements.

Agent

A person or entity authorized to act on behalf of another person or entity, typically in commercial or legal matters.