A legal limit on the quantity of a good that may be imported is called a(n) ________.
A) tariff
B) quota
C) trade limit
D) import tax
Correct Answer:
Verified
Q146: The demand for microwaves in a certain
Q147: The demand for cars in a certain
Q148: The demand for microwaves in a certain
Q149: After the imposition of the quota, the
Q150: What is the price of a TV
Q152: One means of enforcing a quota is
Q153: The demand for cars in a certain
Q154: Suppose the automobile industry can import 10%
Q155: The demand for microwaves in a certain
Q156: What is the price of a TV
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents