A quota is a tax levied on imported goods.

Quota

Designates the maximum quantity of a product that may be brought into a country during a specified time period.

Imported Goods

Products or goods brought into one country from another, subject to the importing nation's customs and regulations.

Distinguish between different trade policies and their impacts on international business.

Verified Answer

Final Answer :

False

Explanation :

A quota is a limit on the quantity of goods that can be imported, not a tax.

Learning Objectives

Distinguish between different trade policies and their impacts on international business.