What is quota

Test your vocabulary with our question quiz! Love words? Need even more definitions? Homophones, Homographs, and Homonyms The same, but different. Ask the Editors 'Everyday' vs. What Is 'Semantic Bleaching'? How 'literally' can mean "figuratively".

Literally How to use a word that literally drives some pe Is Singular 'They' a Better Choice? The awkward case of 'his or her'. A bill before Congress would impose import quotas that could save jobs. See also disabled quota. IMF quota. Examples of quota. But not everyone believes quotas are the answer.

From Business Insider. The law bars police and sheriffs' offices from setting or even suggesting arrest quotas. From NOLA. Just adding myself to that military divorce quota! From Huffington Post. The rule breaks down the requirements to include quotas for cellulosic biofuels, biomass-based diesel, advanced biofuel, and traditional renewable fuel. From Ars Technica. The two front-runners have both vowed to improve the situation with tighter border control and quotas.

From TIME. Should we force more women into a particular field that they themselves are not naturally enthused for the sake of meeting a quota? The main differences are the racial quotas, the themes and the enrollment process. From Los Angeles Times. The report called for an electronic trading system for energy quotas. Words related to quota allocation , allotment , allowance , measure , apportionment , assignment , bite , chunk , cut , division , divvy , end , lot , meed , part , percentage , piece , proportion , quantum , ration.

Canada provides some clues Claire Zillman, reporter December 2, Fortune. Gallipoli Diary, Volume 2 Ian Hamilton. Reminiscences of the Guilford Grays, Co. Regiment John A. The Histories of Polybius, Vol.

Suppose a small country decides that it wants to encourage local businesses to start manufacturing paper goods. Currently, the country imports the majority of its paper goods, and consumers can buy them at a low price. The government places a quota on the import of paper goods, limiting their availability and indirectly increasing their cost. Local businesses respond by expanding into the production of paper, taking advantage of the higher prices and the resulting opportunity for profit. When a farmer puts grain in a silo, they can keep adding more and more grain, up to a point.

Eventually, there is no more space in the silo because the grain is stacked up to the roof. Quotas are similar. Without them, foreign companies can import goods to another market without volume limits. Placing a quota on imports is like putting a ceiling on the silo. They can import until they hit the limit — when there stops being room to import more.

The free stock offer is available to new users only, subject to the terms and conditions at rbnhd. A quota is a type of trade restriction where a government imposes a limit on the number or the value of a product that another country can import. For example, a government may place a quota limiting a neighboring nation to importing no more than 10 tons of grain. Another type of quota is the tariff quota. Tariff quotas give preferential treatment to a certain quantity of imported goods. While there is no hard limit on the amount of a product that another nation may import, the cost of the tariffs increases once they reach the quota.

Quotas can apply to all countries equally or only to certain countries. For example, a government might be willing to import 10 tons of grain from each of its neighbors, so it establishes a separate quota for each. The United States does not currently have any absolute quotas, but it has many tariff quotas that increase tariffs on a good once its import quota is met. Some items under a tariff rate quota in the United States include tuna, olives, and ethyl alcohol.

There are also tariff quotas applied to imports from specific countries. For example, the U. During the Great Depression, many countries used import quotas to restrict trade and protect domestic businesses.