passwella.
Menu

JAMB Economics 2014 Question 47

Question 47

International Trade

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

  1. A.quotas.
  2. B.tariff.
  3. C.excise duties.
  4. D.import duties.
Show the answer and explanation

Answer: A (quotas.)

Explanation

A quota sets a maximum quantity of a good that may be imported.