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Quota

A form of protectionism. A country imposes limits on the number of goods that can be imported from another country. For instance, France may limit the number of cars imported from Japan to, say, 20,000 a year. As a result of limiting supply, the price of the imported good is higher than it would be under free trade, thus making life easier for domestic producers.

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Industry/Domain: Geography Category: Countries & Territories

Tahiti

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