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_________ : sets, as law, a fixed amount of an item that can be imported. a. Tariff b. Embargo c. Import quota d. Protectionism

_________ : sets, as law, a fixed amount of an item that can be imported. a. Tariff b. Embargo c. Import quota d. Protectionism
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_________ : sets, as law, a fixed amount of an item that can be imported.

a. Tariff
b. Embargo
c. Import quota
d. Protectionism

User Greg Ennis
by
8.3k points

1 Answer

4 votes
C
An import quota is a limit on the quantity of an item that can be sold domestically. It can also be a form of protectionism.
Tariff is about how much you have to buy to buy other items made by other nations (tax)
Embargo is a ban on trade goods
User Prosoitos
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