What is the term for 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 is a limit on the quantity of an imported good from a specific country or in total. Tariffs are taxes on imported goods, while an excise tax is a tax on a specific type of product, usually within a country. Net imports refer to the difference between the value of a country's imports and exports. Therefore, the term for a limit on the quantity of an imported good is an import quota.

What Is the Term for a Limit on the Quantity