A ________ is a numerical limit on the quantity of a good that may be imported into a country during some time period.
A) quota
B) numerical export control
C) voluntary export restraint
D) regulatory control

Question

Quizplus · Accepted Answer

A quota is a numerical limit on the amount of a good that can be imported into a country during a specific period. It is a type of trade barrier that restricts the amount of a particular product that can be imported, usually to protect domestic producers or for political purposes. The quota may be administered by issuing import licenses or allocating a specified quantity of the product to different countries.

A ________ Is a Numerical Limit on the Quantity of a Good