A limit placed on the quantity of an imported product is known as which of the following?
A)Import sanction
B)Tariff
C)Embargo
D)Nontariff barrier

Question

Quizplus · Accepted Answer

A limit placed on the quantity of an imported product is known as a nontariff barrier. Import sanctions are penalties imposed on a country for violating international trade rules or agreements. Tariffs are taxes imposed on imported goods. Embargo is a complete ban on trade with a particular country or product.

A Limit Placed on the Quantity of an Imported Product