An import quota is
A. a tariff that is a fixed percentage of the price of a good.
B. a tariff that is a fixed dollar amount per unit of a good.
C. an agreed upon price for a good to be imported at a specified future date.
D. a restriction that specifies the maximum amount of a good that may be imported.
Answer:D
An import quota is
A. a tariff that is a fixed percentage of the price of a good. B. a tariff that is a fixed dollar amount per unit of a good. C. an agreed upon price for a good to be imported at a specified future date. D. a restriction that specifies the maximum amount of a good that may be imported.