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A quota refers to: multiple choice: a minimum requirement for the purchase of specific products or services between two nations. a restriction placed on the

A quota refers to:

multiple choice:

  • a minimum requirement for the purchase of specific products or services between two nations.

  • a restriction placed on the amount of a product allowed to enter or leave a country.

  • a government tax on products or services entering a country that primarily serves to raise prices on imports.

  • government payments to companies or industries that serve to lower costs and provide a competitive advantage to domestic industries.

  • a refusal to purchase or exchange products or services with another nation unless certain financial or ideological requirements have been satisfied.

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