________ Specifies the Maximum Quantity of a Good That May
________ specifies the maximum quantity of a good that may be imported in a given period of time.
A)An import restriction
B)A legislative restriction
C)A trade restriction
D)An import quota
E)An import subsidy
A)are the same as tariffs.
B)are not used by Canada.
C)set the minimum percentage of the value of a product that must consist of imported components.
E)set the maximum number of units of a good that can be imported in a given time period.
An import quota is a
A)tariff imposed on goods that are dumped in the country.
B)law that prevents ecologically damaging goods from being imported into a country.
C)market-imposed balancing factor that keeps prices of imports and exports in equilibrium.
D)government-imposed restriction on the quantity of a specific good that can be imported.
E)tax in an international market.
An import quota directly restricts ________ and are designed to protect domestic ________.
A)exports; consumers only
B)exports; producers only
C)imports; consumers only
D)imports; producers only
E)imports; producers and consumers