Asked by Rebekah Hilton on May 01, 2024

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When only a specified amount of a good can be imported into a country during a year,that good is subject to a(n)

A) subsidy.
B) tariff.
C) quota.
D) export restriction.

Quota

A limit set by a government on the amount of a particular product that can be imported or exported within a certain period.

Specified Amount

A specified amount refers to a particular or agreed sum of money or quantity of a resource or asset.

  • Assess the repercussions of tariffs, quotas, and subsidies on the arena of international trade.
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ZK
Zybrea KnightMay 07, 2024
Final Answer :
C
Explanation :
When a country imposes a limit on the quantity of a good that can be imported into the country during a certain period, it is called a quota. Quotas are different from tariffs and subsidies, which either impose taxes or offer financial assistance on imported goods. Export restrictions are policies that limit the exportation of goods from a country, and hence, are not relevant when discussing imports.