An import quota is
A)a quantity restriction.
B)a price ceiling.
C)a price floor.
D)something imposed on agricultural goods grown by American farmers.

Question

Quizplus · Accepted Answer

An import quota is a quantity restriction that limits the quantity of a particular good that can be imported into a country. It is a trade policy tool that restricts the amount of a certain product that foreign producers can sell to a domestic market. It is usually set by the importing country's government to protect its domestic industries from foreign competition or to address a balance of trade issue.

An Import Quota Is