passwella.
Menu

UI Post-UTME Commerce 2024 Question 4

Question 4

Foreign Trade

The instrument of trade protection which allows the entry of only the specified quantity of foreign goods into a country is

  1. A.Embargo
  2. B.Quota
  3. C.Import tariff
  4. D.Exchange control
  5. E.Subsidy
Show the answer and explanation

Answer: B (Quota)

Explanation

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