What is a Quota?
- Tax pad on goods produced within a country
-
A physical restriction placed on quantity of goods that can be imported
- Tax paid on goods produced outside a country
- Ban on all imported goods
The correct answer is: B
Explanation
An import quota is a type of trade restriction that sets a physical limit on the quantity of a good that can be imported into a country in a given period of time.
Quota, in international trade, government-imposed limit on the quantity, or in exceptional cases the value, of the goods or services that may be exported or imported over a specified period of time