Which of the following designates the maximum quantity of a product that may be brought into a country during a specified time period?

Question

Quizplus · Accepted Answer

A quota designates the maximum quantity of a product that may be brought into a country during a specified time period. A tariff is a tax on imported goods, an embargo is a complete ban on trade with a particular country, a duty is a tax on imported or exported goods, and an exchange rate is the value of one currency compared to another.

Which of the Following Designates the Maximum Quantity of a Product