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An import quota is a trade barrier in the form of a customs duty, or tax, levied mainly on imports.True or False?

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Final answer:

An import quota is a numerical limitation on imports that restricts the amount of imports entering a country. It is not in the form of a customs duty or tax.

Step-by-step explanation:

An import quota is a numerical limitation on the quantity of products that a country can import. It is a trade barrier that restricts the amount of imports entering a country. It is not in the form of a customs duty or tax, which is a different type of trade barrier.

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