1/08/18 1:59pm Which of the ollwing is an example of a production quota? 01/08/1
ID: 1131349 • Letter: 1
Question
1/08/18 1:59pm Which of the ollwing is an example of a production quota? 01/08/18 OA. The government sets a lower limit on the quantity that each dairy farmer can produce 11.59pm OB. The government guarantees to buy a specified quantity of dairy products from farmers. O C. The govenment sets an upper limit on the quantity that each dairy farmer can produce O D. The government sets a price floor in the market for dairy products 11:59pm 01/08/18 11:59pm 01/08/18 11:59pm 01/15/18 11:59pm 01/15/18 11.59pm 01/15/18 11:59pm 01/15/18 11:59pm 91 0kelc y 01/15/18 11.59pm 01/15/18 11 59pm ASSEsS Chapter 19 Quiz 01/15/16 11 59pm 01/15/18Explanation / Answer
Ans) C )the government sets an upper limit on the quantity that each dairy farmer can produce.
Reason- Production quota is when the government put an upper limit to the production by firms that helps is either encouraging production or restricting it.
Related Questions
Navigate
Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.