What is a quota?

JAMB Commerce 2023 70 views

What is a quota?

  1. tax paid on goods produced within a country
  2. a physical restriction placed on quantity of goods that can be imported ✓
  3. tax paid on goods produced outside a country
  4. ban on all imported goods

Explanation

This answer correctly describes the business or trade concept. Commerce deals with buying, selling, and business operations.

The other options relate to different aspects of business or trade. They aren’t the best answer here.

Understanding this helps you grasp how businesses operate and how trade happens.

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