A country is allowed to import just 50000 tonnes of rice annually. This describes

By: |Published on: Mar 28|Categories: Economics WAEC| 0 comments

A. devaluation
B. tariff
C. embargo
D. quota

Correct Answer:

Option D = quota

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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