Question 1
What is a quota in international trade?
Question 2
Which outcome is most likely when a government sets an import quota on a product?
Question 3
What is one common reason a government may use an import quota?
Question 4
Compared with a tariff, what is one key feature of a quota?
Question 5
If the government allows only $5000$ units of a good to be imported each year, what is this an example of?
