An import quota is an example of
A) a price ceiling.
B) a price floor.
C) a queuing device.
D) a quantity restriction.

Name: An import quota is an example of A) a price ceiling. B) a price floor. C) a queuing device. D) a quantity restriction.
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Question

Quizplus · Accepted Answer

An import quota is a restriction on the quantity of a particular good or service that can be imported into a country, therefore it is a quantity restriction.

An Import Quota Is an Example of