PRC-3 · Chapter 20 · Question 1 of 30
Country X passes a law stating that exactly 50,000 foreign-made vehicles may enter the country next year, and absolutely no more. What type of protectionist trade barrier has Country X implemented?
Test yourself: pick an answer
Reveal answer & explanation
Correct answer: C) An import quota
Explanation
An import quota is a strict physical limit on the maximum quantity or volume of a specific good that can be legally imported into a country during a given period.
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