An import quota specifies the
A) minimum amount of a good that may be imported during a specified period.
B) amount of taxes that must be paid on any imported good.
C) maximum amount of a good that may be imported during a specified period.
D) price that can be charged for any imported good.

Question

Quizplus · Accepted Answer

An import quota is a trade restriction that sets a physical limit on the quantity of a good that can be imported into a country in a given period of time, thus the correct answer is the maximum amount of a good that may be imported during a specified period.

An Import Quota Specifies the