The U.S.government has announced a 5 million-pound annual limit on beef imported from Argentin A.This type of trade restriction is called an):

Question

Quizplus · Accepted Answer

The trade restriction described in the scenario is an import quota, as it limits the amount of a particular good that can be imported into the US from Argentina. An embargo is a more extreme form of trade restriction that completely prohibits trade with a particular country, while a revenue tariff is a tax levied on imports to generate revenue for the government. An export cap is not a commonly used trade restriction term.

The USGovernment Has Announced a 5 Million-Pound Annual Limit on Beef