A quantitative restriction on specific imports for a set period of time is referred to as ________.
A)tariff
B)quota
C)investment barrier
D)country risk

Question

Quizplus · Accepted Answer

A quota is a numerical limit imposed by a government on the quantity of a particular good that can be imported or exported during a specific time period. This is a form of quantitative restriction, which differentiates it from a tariff, which is a tax imposed on imported or exported goods. Investment barriers and country risk are not relevant to the definition of a quota.

A Quantitative Restriction on Specific Imports for a Set Period