Economics A-Level
Quota
What Quota means in Economics A-Level, as defined for AQA.
Definition of Quota
Check what you remember
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Reference: AQA
A physical limit on the volume or value of goods that can be imported over a specific period, directly restricting supply and raising prices without generating government revenue.
Topics that use Quota
- Trade (AQA A-Level)
Related terms
- Comparative advantage
- Deadweight welfare loss
- Economic efficiency
- Economic integration
- Economies of scale
- Export subsidies
- Gains from trade
- Government tariff revenue
Using Quota in the exam
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