A government-imposed restriction on the quantity of a specific good that may be imported to and sold in the United States is called a
A) tariff system.
B) quota system.
C) reverse-trade system.
D) union trade system.

Question

Quizplus · Accepted Answer

A quota system is a government-imposed limit on the quantity of a specific good that may be imported to and sold in a country. Tariff system refers to taxes imposed on imported goods, while reverse-trade system and union trade system are not commonly used terms in economics or trade.

A Government-Imposed Restriction on the Quantity of a Specific Good