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

(a)Devaluation (b)Tariff (c)Embargo (d)Quota

A country is allowed to import just 50,000 tonnes of rice annually. this describe

EXPLANATION:

What is an import Quota

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.

Quotas, like other trade restrictions, are typically used to benefit the producers of a good in that economy.

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Result

Total Questions: 9

Attempt: 8

Correct : 3

Wrong: 5

Percentage: 33%