A country is allowed to import just 50,000 tonnes of rice annually. This describes

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Economics WAEC 2020

A country is allowed to import just 50,000 tonnes of rice annually. This describes 

  • devaluation
  • tariff
  • embargo
  • quota checkmark

The correct answer is: D

Explanation

 

A quota is a government-imposed restriction that limits the quantity or the monetary value of goods that a country can import or export during a particular period.

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