If the importation of a commodity is limited to a definite quantity, the trade control...
ECONOMICS
JAMB 2014
If the importation of a commodity is limited to a definite quantity, the trade control measure imposed is
- A. excise duties
- B. import duties
- C. quotas
- D. tariff
Correct Answer: C. quotas
Explanation
quotas; a limited quantity of a particular product which under official controls can be produced, exported, or imported.
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