What is a limit on the amount of a specific product that can enter a country?
A)a quota
B)a tariff
C)a boycott
D)a transfer limit

Question

Quizplus · Accepted Answer

A quota is a limit on the quantity of a specific product that can be imported into a country. This can be used as a trade barrier to protect domestic industries or to regulate imports in order to maintain a balance of trade with other countries.

B) Tariff is a tax imposed on imported goods, which increases the cost of the product and makes it less competitive in the market.

C) Boycott is a voluntary refusal to buy goods or services from a certain country or company in order to protest against their policies or actions.

D) Transfer limit is not a term commonly used in international trade, and does not refer to the limitation of imports.

What Is a Limit on the Amount of a Specific