JAMB Economics 2014 Objective — Question 47

Question 47 of 50 from the Joint Admissions and Matriculation Board (JAMB) Economics 2014 Objective paper, with the correct answer and a full explanation.

If the importation of a commodity is limited to a definite quantity, the trade control measure imposed is

A. a tariff
B. excise duties
C. import duties
D. a quotaCorrect

Explanation

Quotas as a term used in international trade refers to a limit set on the quantity of a commodity that can be imported into a country.

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