A maximum limit set on the amount of a specific good that may be imported into a country over a given period of time is called a:

Question

Quizplus · Accepted Answer

A quota is a specific restriction on the amount of goods that can be imported and is often used to protect domestic industries. Tariffs are taxes on imported goods, nontariff barriers refer to any other type of trade restriction such as regulations or standards, and a voluntary export restriction is an agreement between countries where one country agrees to limit its exports of a certain product to another country.

A Maximum Limit Set on the Amount of a Specific