A numerical limit imposed by a government on the quantity of a good that can be imported into the country is called a
A)tariff.
B)quota.
C)quantity floor.
D)barricade.

Question

Quizplus · Accepted Answer

A quota is a specific limit set by the government on the quantity of a good that can be imported into the country. Tariff is a tax imposed on imported goods, quantity floor is a government-imposed minimum price for a good, and barricade is not a commonly used term in this context. Therefore, the best choice is B.

A Numerical Limit Imposed by a Government on the Quantity