A(n) ________ is n example of a quota where foreigners hold quota licenses ?
Correct answer: A. export quota
- A. export quota
- B. embargo
- C. auction quota
- D. tariff quota
Explanation
Under an export quota, the exporting country restricts the quantity shipped abroad, and foreign exporters may hold the valuable quota licenses. An embargo bans trade completely, while a tariff quota uses tariffs to regulate imports.
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