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.

Question

Quizplus · Accepted Answer

An import quota is a specific limitation on the amount of a good that can be imported into a country within a given time period. It is a form of trade protectionism intended to protect domestic industries from foreign competition. A tariff is a tax on goods imported into a country, and comparative advantage refers to a country's ability to produce a good at a lower opportunity cost than another country.

A Limit on the Quantity of a Good That May