A limit on the amount of a good that can be imported is known as:

Question

Quizplus · Accepted Answer

An import quota is a limit imposed by a government on the quantity of a certain good that can be brought into the country. This limit can be applied in a variety of ways, such as a specific quantity or a percentage of the domestic market share. Tariffs and taxes are different types of fees that may be imposed on imports, but they do not necessarily limit the quantity of goods that can be brought in. Export agreements, on the other hand, are agreements between countries that regulate the export of goods and services from one country to another, and are not related to import limits.

A Limit on the Amount of a Good That Can