Asked by Jamie Crique on May 30, 2024

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A maximum limit set on the amount of a specific good that may be imported into a country over a given period of time is called a

A) tariff.
B) quota.
C) nontariff barrier.
D) voluntary export restriction.

Import

These are goods or services brought into one country from another for sale or use.

Quota

A government-imposed trade restriction limiting the number or value of goods that can be imported or exported during a specific time.

Period of Time

A specific duration or interval at which certain events or observations are measured or occur.

  • Identify the impact of tariffs, quotas, and non-tariff barriers on global trade.
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Verified Answer

ED
Emily DammeyerJun 02, 2024
Final Answer :
B
Explanation :
A quota is a government-imposed trade restriction that limits the number or monetary value of goods that can be imported or exported during a specified period.