A quota is a market-imposed balancing factor that keeps prices of imports and exports in equilibrium. a law that prevents ecologically damaging goods from being imported into a country. a tariff imposed on goods that are dumped in the country. a government-imposed restriction on the quantity of a specific good that can be imported.

International Financial Management
14th Edition
ISBN:9780357130698
Author:Madura
Publisher:Madura
Chapter2: International Flow Of Funds
Section: Chapter Questions
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QUESTION 4
A quota is
a market-imposed balancing factor that keeps prices of imports and exports in equilibrium.
a law that prevents ecologically damaging goods from being imported into a country.
a tariff imposed on goods that are dumped in the country.
a government-imposed restriction on the quantity of a specific good that can be imported.
Transcribed Image Text:QUESTION 4 A quota is a market-imposed balancing factor that keeps prices of imports and exports in equilibrium. a law that prevents ecologically damaging goods from being imported into a country. a tariff imposed on goods that are dumped in the country. a government-imposed restriction on the quantity of a specific good that can be imported.
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