What is a numerical limit imposed by a government on the quantity of a good that can be imported into the country?
A)Tariff.
B)Quota.
C)Quantity floor.
D)Barricade.

Question

Quizplus · Accepted Answer

A numerical limit on the quantity of a good that can be imported into a country is known as a quota. Tariff refers to a tax imposed on imports or exports, quantity floor is a government-imposed minimum quantity of a good that must be produced or sold, and barricade is not a term commonly used in international trade.

What Is a Numerical Limit Imposed by a Government on the Quantity