When governments specify the maximum amount of a good that may be imported in a given period of time, they are establishing a
A) tax.
B) tariff.
C) dumping limit.
D) dynamic tariff.
E) quota.

Question

Quizplus · Accepted Answer

When governments specify the maximum amount of a good that may be imported in a given period of time, they are establishing a quota. This is a limitation placed on the quantity of a product that can be imported.

When Governments Specify the Maximum Amount of a Good That