________ place limits on the quantity of a product being imported.
A) Embargoes
B) Trade blocs
C) Nontariff barriers (Quotas)
D) Anti-dumping duties

Question

Quizplus · Accepted Answer

Nontariff barriers, specifically quotas, place limits on the amount of a product that can be imported into a country. Embargoes are a complete ban on trade with a specific country, trade blocs are agreements between countries to reduce or eliminate trade barriers, and anti-dumping duties are tariffs imposed on products from a specific country when they are being sold at a lower price than the domestic market. None of these options necessarily place limits on the quantity of a product being imported.

________ Place Limits on the Quantity of a Product Being