To protect its farmers, Japan put limitations on the amount of mushrooms and leeks that could be imported into Japan from China. This limitation is an example of a(n)___________ .
A) tariff
B) voluntary import restraint
C) subsidy
D) agricultural import standard
E) quota

Question

To protect its farmers, Japan put limitations on the amount of mushrooms and leeks that could be imported into Japan from China. This limitation is an example of a(n)___________  .
A) tariff
B) voluntary import restraint
C) subsidy
D) agricultural import standard
E) quota

Quizplus · Accepted Answer

The limitation on the amount of mushrooms and leeks being imported into Japan from China is an example of a quota. A quota is a type of trade barrier that limits the quantity of goods that can be imported over a specific timeframe. Japan has imposed a quota to protect its farmers from being competed by imports.

To Protect Its Farmers, Japan Put Limitations on the Amount