O-LevelCommerceGlobal trade7100/12 · Oct/Nov 2017 · Q181 Mark

What is a quota in international trade?

Afixed quantity of imported goods allowed during a certain period

Brange of customs duties imposed on imported goods

Ctax on certain goods produced and consumed within the country

Dan order preventing ships from unloading certain goods

✓ Correct answer

A: fixed quantity of imported goods allowed during a certain period

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Topic: Global trade, O-Level Commerce (syllabus 7100). Multiple choice, 1 mark.
Source: O-Level Commerce, Oct/Nov 2017 Paper 1 Variant 2, question 18.

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