An import quota is a government-imposed restriction on the quantity of a specific good that can be imported. It is a measure used to protect domestic industries from foreign competition by limiting the quantity of goods that can come in from other countries.

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An Import Quota Is a

Question 74

Multiple Choice

An import quota is a

A) tax in an international market.
B) market- imposed balancing factor that keeps prices of imports and exports in equilibrium.
C) law that prevents ecologically damaging goods from being imported into a country.
D) government- imposed restriction on the quantity of a specific good that can be imported.
E) tariff imposed on goods that are dumped in the country.

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