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Studentka2010 [4]
3 years ago
12

5) What are 2 types of quotas?

Business
1 answer:
torisob [31]3 years ago
3 0

Answer:

Two important types of quotas are absolute quotas and tariff-rate quotas.  

Absolute quotas are quotas that limit the amount of a specific good that may enter a country. Tariff-rate quotas allow a quantity of a good to be imported under a lower duty rate; any amount above this is subject to a higher duty.

Explanation:

I'm taking a business class.

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