Chapt 3 (quantity Controls) Govt Flashcards by Hazel Koh

Q

Objective of Quantity controls (Quota)

A

Keep quantity of good at an acceptable level
Prevent depletion of scarce resources or extinction of valuable resources

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Q

Define quantity controls (Quota)

A

Quantity controls are an maximum limit on quantity of goods that can be bought or sold

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Q

A

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