Economics (AS & A Level) · May / June 2022 · Paper 14 · Question 20

Which statement correctly describes how an import quota works?

1. AIt is a ban on the import of demerit goods.
2. BIt imposes strict product regulations on imports.
3. CIt is a unit tax that raises the price of imported goods.
4. DIt limits the quantity of certain imported goods.

As printed in the paper