Which of the following refers to a limit on the quantity of an imported good?
A)a tariff
B)an excise tax
C)an import quota
D)net imports

Question

Quizplus · Accepted Answer

An import quota refers to a limit on the quantity of an imported good. A tariff is a tax on imported goods, an excise tax is a tax on a specific good or service, and net imports refer to the difference between a country's imports and exports.

Which of the Following Refers to a Limit on the Quantity