1/08/18 1:59pm Which of the ollwing is an example of a production quota? 01/08/1

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 01/15/18

Explanation / 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.

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