Asked by Aspen Arellano on May 20, 2024
Verified
A quota is a tax levied on imported goods.
Quota
Designates the maximum quantity of a product that may be brought into a country during a specified time period.
Imported Goods
Products or goods brought into one country from another, subject to the importing nation's customs and regulations.
- Distinguish between different trade policies and their impacts on international business.
Verified Answer
VD
Victoria DickowMay 21, 2024
Final Answer :
False
Explanation :
A quota is a limit on the quantity of goods that can be imported, not a tax.
Learning Objectives
- Distinguish between different trade policies and their impacts on international business.