Since 1953,the United States has limited the amount of raw peanuts that can be imported to 1.7 million pounds a year.This is only about one-tenth of 1 percent of all domestic edible peanut consumption in the United States.This limitation is an example of a(n):
A) natural resource barrier
B) quota
C) tariff
D) exchange control
E) boycott

Question

Quizplus · Accepted Answer

A quota is a limit on the amount of a specific product that can enter a country.

Since 1953,the United States Has Limited the Amount of Raw