A(n) ________ is a limit on the amount of a product that can be imported into a country.
A) quota
B) exchange rate
C) tariff
D) antidumping law
E) antitrust rate

Question

Quizplus · Accepted Answer

A quota is a limit on the amount of a product that can be imported into a country. It is a measure used by governments to protect domestic producers from foreign competition and regulate the volume of trade. Quotas can be used to reduce imports or to protect specific industries from foreign competition.

A(n) ________ Is a Limit on the Amount of a Product