A permit that allows an importer to bring a certain quantity of foreign goods into...
ECONOMICS
JAMB 2019
A permit that allows an importer to bring a certain quantity of foreign goods into a country is_________
- A. Import monopoly
- B. Import licence
- C. Import quota
- D. Embargo
Correct Answer: C. Import quota
Explanation
An import quota is a limit on the amount of goods that can be brought into a particular country. This means importers cannot exceed the quantity of imports permitted on the licence
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