In efforts to curb the influx of foreign goods into the country, the government of Losvane has set a limit on the number of goods that can be imported in a given year. In this case, the government of Losvane is most likely imposing a _____.

Question

Quizplus · Accepted Answer

Setting a limit on the number of goods that can be imported is the definition of a quota. Quotas are used to control the volume of trade by limiting the quantity of goods that can enter or leave a country.

In Efforts to Curb the Influx of Foreign Goods into the Country