A country may place a limit on the volume of imported citrus fruit that is allowed. This is an example of a(n)________.
A) quota
B) tariff
C) customs duty
D) fine
E) excise duty

Question

Quizplus · Accepted Answer

A limit on the volume of imported citrus fruit is an example of a quota, which is a restriction on the quantity of goods that can be imported into a country. Tariffs are taxes on imports, customs duties are fees charged on imported goods, fines are penalties for breaking rules or laws, and excise duties are taxes on specific goods, such as alcohol or tobacco.

A Country May Place a Limit on the Volume of Imported