The U.S. government has announced a 5-million-pound annual limit on beef imported from Argentina. This type of trade restriction is called a(n):

Question

Quizplus · Accepted Answer

The specific trade restriction described in the question is an import quota, which sets a limit on the amount of a certain product (in this case, beef) that can be imported into a country. An embargo is a complete ban on trade with a particular country, a revenue tariff is a tax on imported goods, and an export cap would limit the amount of goods that a country can export, which is not applicable in this case.

The US Government Has Announced a 5-Million-Pound Annual Limit on Beef