The country of Shampur has imposed a quantitative restriction on the number of luxury automobiles imported in a year.What type of trade restriction has Shampur used?
A)Quota
B)Embargo
C)Protective tariff
D)Revenue tariff

Question

Quizplus · Accepted Answer

A quota is a type of trade restriction that limits the quantity of goods that can be imported or exported during a specified period. Shampur's action of imposing a quantitative restriction on the number of luxury automobiles imported fits the definition of a quota.

The Country of Shampur Has Imposed a Quantitative Restriction on the Number