An import quota specifies the
A. highest price that can be charged for an imported good.
B. per unit tax that must be paid on an imported good.
C. maximum quantity of a good that may be imported during a specified time period.
D. minimum quantity of a good that must be exported during a specified time period.
Answer:C
An import quota specifies the
A. highest price that can be charged for an imported good. B. per unit tax that must be paid on an imported good. C. maximum quantity of a good that may be imported during a specified time period. D. minimum quantity of a good that must be exported during a specified time period.