WAEC Commerce 2012 Objective — Question 33
Question 33 of 50 from the West African Examinations Council (WAEC) Commerce 2012 Objective paper, with the correct answer and a full explanation.
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A ceiling on the quantity of commodity to be imported into the country is called
- A. ban
- B. tariff
- C. price limit
- D. quotaCorrect
Explanation
When a quota is imposed, the importers have limited quantity that they can imported into the country.
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