A ceiling imposed by a country on the quantity of a good or service it will import is called a
A) quota.
B) tariff.
C) non-tariff barrier.
D) trade embargo.

Question

Quizplus · Accepted Answer

A quota is a limit set by the government on the quantity of a particular good or service that can be imported from another country. This can be used as a trade policy to protect domestic industries from foreign competition, or to comply with international agreements.

A Ceiling Imposed by a Country on the Quantity of a Good