A restriction placed on the amount of a product allowed to enter or leave a country is referred to as a
A) quota.
B) tariff.
C) WTO tax.
D) subsidy.
E) excise tax.

Name: A restriction placed on the amount of a product allowed to enter or leave a country is referred to as a A) quota. B) tariff. C) WTO tax. D) subsidy. E) excise tax.
Brand: Quizplus
Rating: 4.8 (43 reviews)

Question

Quizplus · Accepted Answer

A quota is a restriction on the amount of a product that can be imported or exported, limiting the quantity allowed to enter or leave a country.

A Restriction Placed on the Amount of a Product Allowed