PRC-3 · Chapter 20 · Question 6 of 30
To protect domestic car manufacturers, the government passes a law stating that no more than 10,000 foreign-made vehicles may be imported into the country this year. This physical restriction is known as an:
Test yourself: pick an answer
Reveal answer & explanation
Correct answer: D) Import Quota
Explanation
An import quota is a direct quantitative limit on the maximum volume or number of specific goods that can be legally imported over a given timeframe.
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