A limit on the quantity of a good that may be imported in a given time period is
A)An import quota.
B)A tariff.
C)A comparative advantage.
D)An import allocation.

Question

Quizplus · Accepted Answer

An import quota is a limit on the quantity of a good that may be imported in a given time period. Tariffs are taxes on imported goods, comparative advantage is a concept related to international trade, and import allocation is not a commonly used term in trade policy.

A Limit on the Quantity of a Good That May