Question

    There is a limit on imported television sets to the

    United Kingdom and Japanese motorcycles to Italy. These are examples of:
    A a government tax on goods or services entering a country. Correct Answer Incorrect Answer
    B a government tax on goods or services leaving a country. Correct Answer Incorrect Answer
    C a restriction placed on the amount of a product allowed to enter or leave a country. Correct Answer Incorrect Answer
    D the minimum quantity of goods foreign manufacturers must produce in order to keep prices competitive. Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    Solution

    Quota is a restriction placed on the amount of a product allowed to enter or leave a country.

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