A(n)_____ is a limit on the amount of a specific product that can enter a country.
A)quota
B)tariff
C)excise duty
D)exchange control

Question

A(n)_____ is a limit on the amount of a specific product that can enter a country.
A)​quota
B)tariff
C)excise duty
D)​exchange control

Quizplus · Accepted Answer

A quota is a limit imposed on the quantity of a particular product that can be imported or exported in a given period. This is a trade barrier used to control the inflow or outflow of goods to or from a country. Quotas are often used to protect domestic industries or in strategic industries, as well as to regulate certain types of products, such as food or textiles.

A(n)_____ Is a Limit on the Amount of a Specific