Since 1953, the United States has limited the amount of raw peanuts that can be imported to 1.7 million pounds a year. This is only about 0.1 percent of all domestic edible peanut consumption in the United States. What is this limitation an example of?
A)a natural resource barrier
B)a quota
C)a tariff
D)an exchange control

Question

Quizplus · Accepted Answer

This limitation is an example of a quota, which is a limit on the amount of a particular good that can be imported into a country.

Since 1953, the United States Has Limited the Amount of Raw