An import quota is a
A)tariff imposed on goods that are dumped in the country.
B)law that prevents ecologically damaging goods from being imported into a country.
C)market-imposed balancing factor that keeps prices of imports and exports in equilibrium.
D)restriction on the quantity of a specific good that can be imported.
E)tax in an international market.

Question

Quizplus · Accepted Answer

An import quota is a restriction on the quantity of a specific good that can be imported. It is a form of trade barrier used by countries to protect their domestic industries from foreign competition. Quotas can be set on a particular good or on total imports from a particular country.

An Import Quota Is a