A maximum limit set on the amount of a speciﬁc good that may be imported into a country over a given period of time is called a

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A maximum limit set on the amount of a specific good that may be imported into a country over a given period of time is called a quota. Tariff refers to a tax on imports or exports, nontariff barrier refers to any trade barrier not involving a tax, and a voluntary export restriction refers to a self-imposed restriction on the export of goods by a country.

A Maximum Limit Set on the Amount of a Speciﬁc