A legal restriction on the amount of a good that can be imported into a country is known as a
A) voluntary restraint agreement.
B) tariff.
C) quota.
D) Domestic Protection Restraint (DPR).

Question

Quizplus · Accepted Answer

A legal restriction on the amount of a good that can be imported into a country is known as a quota. A voluntary restraint agreement is an agreement between countries in which one country voluntarily limits the amount of goods it exports to another country. A tariff is a tax on imported goods. There is no such thing as a Domestic Protection Restraint (DPR).

A Legal Restriction on the Amount of a Good That