A(n) ________ is a limit on the amount of goods that an importing country will accept in certain product categories.
A) embargo
B) tariff
C) benchmark
D) quota
E) exchange control

Question

Quizplus · Accepted Answer

A quota is a limit on the amount of goods that can be imported into a country in certain product categories. It is a trade barrier used to restrict the amount of foreign products imported into a country and protect domestic industries from foreign competition.

A(n) ________ Is a Limit on the Amount of Goods