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A production quota is a goal for the production of a good. It is typically set by a government or an organization, and can be applied to an individual worker, firm, industry or country. Quotas can be set high to encourage production, or can be used to restrict production to support a certain price level. [1]
The total number of U.S. inhabitants in 1920 with national origins in quota countries was 89,506,558 so the national origins formula f expressed mathematically as f = n / 89,506,558 = q / 150,000 , where n is the number of inhabitants of any given national origin and q is the quota, hence to convert n into q required ...
Import quota, a restriction on the quantity of goods that can be imported into a country; Market Sharing Quota, an economic system used in Canadian agriculture; Milk quota, a quota on milk production in Europe; Individual fishing quota, a quota on allowable catch
In economics, a tariff-rate quota (TRQ) (also called a tariff quota) is a two-tiered tariff system that combines import quotas and tariffs to regulate import products. A TRQ allows a lower tariff rate on imports of a given product within a specified quantity and requires a higher tariff rate on imports exceeding that quantity. [ 1 ]
Protectionism, sometimes referred to as trade protectionism, is the economic policy of restricting imports from other countries through methods such as tariffs on imported goods, import quotas, and a variety of other government regulations.
The quota share is a specified number or percentage of the allotment as a whole quota, that is prescribed to each individual entity. For example, the United States imposes an import quota on cars from Japan. The Japanese government may see fit to impose a quota share program to determine the number of cars each Japanese car manufacturer may ...
Two simple ways to understand the proposed benefits of free trade are through David Ricardo's theory of comparative advantage and by analyzing the impact of a tariff or import quota. An economic analysis using the law of supply and demand and the economic effects of a tax can be used to show the theoretical benefits and disadvantages of free trade.
Quota System can refer to: Quota System (Royal Navy), a system in place from 1791 to 1815 for manning British naval ships; Reservation in India, quota systems in India favoring lower castes, women, religious minorities, indigenous peoples, and others; Quota Borda system; Racial quota, in hiring minorities; Quotaism; Import quota, in trade ...