An import quota specifies the
A) price that can be charged for any imported good.
B) amount of taxes that must be paid on any imported good.
C) maximum amount of a good that may be imported during a specified period.
D) minimum amount of a good that may be imported during a specified period.

Question

Quizplus · Accepted Answer

An import quota is a trade restriction that sets a physical limit on the quantity of a good that can be imported into a country in a given period of time.

An Import Quota Specifies the