quota

(noun)

a restriction on the import of something to a specific quantity.

Related Terms

Examples of quota in the following topics:

  • Economics

    • In general, for a given level of protection, quota-like restrictions carry a greater potential for reducing welfare than do tariffs.
    • Tariffs, quotas, and non-tariff barriers lead too few of the economy's resources being used to produce tradeable goods.

  • Affirmative Action

    • Some policies adopted as affirmative action, such as racial quotas or gender quotas for collegiate admission, have been criticized as a form of reverse discrimination, and such implementation of affirmative action has been ruled unconstitutional by the majority opinion in the case of Gratz v.

  • Brief history of traditional approaches to job design

    • In regards to this theory employers are encouraged to design jobs that enhance and motivate employees beyond simply meeting a daily or weekly quota.

  • Joint ventures and direct investment

    • Toyota's motivation was to avoid US import quotas and taxes on cars without any US-made parts.

  • The International Monetary Fund (IMF)

    • Countries contribute money to a pool through a quota system from which countries with payment imbalances can borrow funds on a temporary basis.
    • Voting power in the IMF is based on a quota system.
    • Each member has a number of "basic votes" (each member's number of basic votes equals 5.502% of the total votes), plus one additional vote for each Special Drawing Right (SDR) of 100,000 of a member country's quota.

  • Importing

    • Import of goods normally requires the involvement of customs authorities in both the country of import and the country of export; those goods are often subject to import quotas, tariffs, and trade agreements.

  • Common Markets

    • For the customs union, the treaty provided for a 10% reduction in custom duties and up to 20% of global import quotas.
    • For the customs union, the treaty provided for a 10% reduction in custom duties and up to 20% of global import quotas.

  • The Argument Against Barriers

    • Protection of import-competing industries with tariffs, quotas, and non-tariff barriers can lead to an over-allocation of the nation's scarce resources in the protected sectors and an under-allocation of resources in the unprotected tradeable goods industries.

  • The Benefits of Mixed Economies

  • Herzberg's Two-Factor Theory

    • In order to apply this theory, employers are encouraged to design jobs that enhance and motivate employees beyond simply meeting a daily or weekly quota.