An example of a quantity restriction is
A) the minimum wage.
B) an import quota.
C) rent controls.
D) price supports in agriculture.

Name: An example of a quantity restriction is A) the minimum wage. B) an import quota. C) rent controls. D) price supports in agriculture.
Brand: Quizplus
Rating: 4.8 (38 reviews)

Question

Quizplus · Accepted Answer

An import quota is a quantity restriction that limits the amount of a particular good that can be imported into a country. This is in contrast to a tariff, which adds a tax onto the imported good, but does not limit the quantity.

An Example of a Quantity Restriction Is