A supply restriction that restricts the amount of a good that can be imported is a(n)
A)price floor.
B)price ceiling.
C)black market.
D)import quota.

Question

Quizplus · Accepted Answer

An import quota is a supply restriction that limits the quantity of a good that can be imported into a country. This is often done to protect domestic industries from foreign competition or to limit the amount of a certain product entering a market. Therefore, option D is the correct answer.

A Supply Restriction That Restricts the Amount of a Good