A legal limit on the amount of sugar imported into the United States is
A) a tariff.
B) a subsidy.
C) a quota.
D) a voluntary import restriction.

Question

Quizplus · Accepted Answer

A quota is a legal limit on the amount of a particular item that can be imported into a country. In this case, a quota on sugar imported into the United States would limit the amount of sugar that can be brought in from foreign countries. A tariff is a tax on imports, a subsidy is financial assistance given to domestic producers, and a voluntary import restriction is an agreement between trading partners to limit imports voluntarily.

A Legal Limit on the Amount of Sugar Imported into the United