In 2015, South Africa signed an agreement with the United States regarding trade. It allows 65,000 tons of bone-in chicken to be imported in to South Africa each year.

Question

This is an example of
Responses
A a quota.a quota.
B a tariff.a tariff.
C a subsidy.a subsidy.
D a embargo.

Answer 1

This is an example of A) a quota.

A quota is a limit placed on the quantity of a particular good that can be imported or exported during a specific time period. In this case, the agreement allows for a specific quantity (65,000 tons) of bone-in chicken to be imported into South Africa each year.