A limit imposed on the volume of total imports of a particular good is known as a(n)

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A limit on the volume of imports is known as a quota. This restricts the quantity of a particular good that can be imported into a country. Tariffs, on the other hand, are taxes on imported goods, and voluntary quotas are agreements between countries to limit the volume of trade. Import subsidies and export subsidies are policies that involve government payments to businesses to encourage the production or export of goods, respectively.

A Limit Imposed on the Volume of Total Imports of a Particular