Suppose the United States sets a limit on the number of tons of sugar that can be imported each year. This is an example of a(n)

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An import quota is a limit on the quantity of a good that can be imported into a country. In this case, the United States is setting a limit on the number of tons of sugar that can be imported, which is an example of an import quota. Protective tariffs are taxes on imported goods designed to protect domestic industries from foreign competition. Revenue tariffs are taxes on imports that are designed to generate government revenue. Voluntary export restraints are agreements between importing and exporting countries that limit the quantity of a good that can be exported.

Suppose the United States Sets a Limit on the Number