If the importation of a commodity is limited to a definite quantity; the trade control measure imposed is?

By: |Published on: Oct 21|Categories: Economics JAMB| 0 comments

A. excise duties
B. import duties
C. quotas
D. tariff

Correct Answer:

Option C – quotas

Explanation

Quotas: a limited quantity of a particular product which under official controls can be produced, exported or imported.

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