Practice mode Markets, Efficiency And The Public Interest

What is it called when an importing country limits the amount of goods it will accept in certain product categories?

Correct answer A. Quota

Explanation

A quota sets a maximum quantity of a product that may be imported, protecting domestic producers, whereas a tariff taxes imports and an embargo bans them entirely.

Report a problem

Answer checked 11 October 2026 How we write and check questions

Tip: press A, B, C or D to answer, and N for the next question.

What is it called when an importing country limits the amount of goods it will accept in certain product categories?

Discussion

Have a question about this answer? Cancel reply

What is it called when an importing country limits the amount of goods it will accept in certain product categories?

More Markets, Efficiency And The Public Interest questions

What is the practice of adopting policies and strategies that both sustain the environment and generate profit for the company called?

What are consumer goods called that have unique characteristics or brand identity, so buyers make a special effort to obtain them?

What type of retail store carries a narrow product line with a deep assortment within that line?

A firm bids on a turnkey project: choosing the site, designing a cement factory, hiring construction crews, assembling materials and equipment, and handing over a ready-to-run plant. What is it using?

Discussion

Have a question about this answer? Cancel reply