An import quota is a
A. tariff imposed on goods that are dumped in the country.
B. law that prevents ecologically damaging goods from being imported into a country.
C. market-imposed balancing factor that keeps prices of imports and exports in equilibrium.
D. government-imposed restriction on the quantity of a specific good that can be imported.
Answer:D
An import quota is a
A. tariff imposed on goods that are dumped in the country. B. law that prevents ecologically damaging goods from being imported into a country. C. market-imposed balancing factor that keeps prices of imports and exports in equilibrium. D. government-imposed restriction on the quantity of a specific good that can be imported.