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WAEC Commerce 2013 Question 42

Question 42

Foreign Trade

A physical restriction placed on the quantity of goods that can be imported is

  1. A.a ban.
  2. B.a quota.
  3. C.an excise duty.
  4. D.an import tax.
Show the answer and explanation

Answer: B (a quota.)

Explanation

A quota limits the quantity of a good that can be imported.