The United States enforces a strict trade policy on Asian oak imports. Manufacturers are only allowed a certain amount annually according to the size of their operations. What is this referred to?

Question

Quizplus · Accepted Answer

This is referred to as an import quota.
Key Takeaway: Import quotas are government trade policies designed to limit imports into a country. A quota may also exist for political reasons, with the government restricting goods and raw materials being imported from countries that are out of favor.

The United States Enforces a Strict Trade Policy on Asian