A(n) _____________ is a limit on the number of imports that a state will receive from the rest of the world and is considered a _______________.

Question

Quizplus · Accepted Answer

An import quota is a limit on the quantity of goods that can be imported from a particular country or in total. It falls under the category of a nontariff barrier as it does not involve the imposition of any taxes or charges on imports. Therefore, option A and C are incorrect. Subsidy is a financial assistance given by the government to businesses or industries to encourage growth and development. Hence, option B is also incorrect.

A(n) _____________ Is a Limit on the Number of Imports