Italy currently limits the number of Michael Kors bags that can be imported during a one-year period, since Michael Kors bags are made in New York, USA. This is an example of a(n)

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Italy's limit on the number of Michael Kors bags that can be imported is an example of a quota, which sets a specific limit on the quantity of a particular product that can be imported. Exchange control limits refer to restrictions on the exchange of currency, embargoes are complete bans on trade, import tariffs are taxes on imported goods, and supply limits generally refer to restrictions on the production or sale of a particular product within a country.

Italy Currently Limits the Number of Michael Kors Bags That