The U.S.government limits the amount of milk that can be imported into the United States.This limitation is an example of a(n):
A) natural resource barrier
B) quota
C) tariff
D) exchange control
E) boycott

Question

Quizplus · Accepted Answer

The limitation on the amount of milk that can be imported into the United States is a quota, which is a specific limit on the quantity of a good that can be imported. A tariff is a tax on imports, exchange controls are restrictions on the amount of foreign currency that can be exchanged or used for payment, and a boycott is a refusal to buy or use a product or service. A natural resource barrier would refer to a limitation on the availability of a specific natural resource necessary for production or trade.

The USGovernment Limits the Amount of Milk That Can Be Imported