The UK wishes to import no more than 100 million tons of sugar from India in any given year.The type of import restriction it should impose is a(n)
A) import duty.
B) foreign exchange control.
C) import quota.
D) embargo.
E) export duty.

Question

Quizplus · Accepted Answer

An import quota is a restriction on the amount of a particular good that can be brought into a country. In this case, the UK wishes to limit the amount of sugar it imports from India to no more than 100 million tons per year. An import quota would be the most appropriate restriction to achieve this goal.

The UK Wishes to Import No More Than 100 Million