A limit on the amount of a particular good that may be imported into a country during a given period of time is called an import quota.
Correct Answer:
Verified
Q11: Selling and shipping raw materials or products
Q12: Absolute advantage is the ability to produce
Q13: The total flow of money into a
Q14: Exportation of large quantities of a product
Q15: The total value of a nation's exports
Q17: Political considerations usually are involved in a
Q18: Quotas may be set on worldwide imports
Q19: Comparative advantage is the ability to produce
Q20: A tax that is levied on a
Q21: The World Trade Organization (WTO) was established
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents