Wanda built a successful company selling lace. One of her first foreign customers was Romania, where sales grew to an average of 18,000 yards per month
Recently the Romanian trade office said she could no longer sell more than 10,000 yards per month. What is impacting Wanda's trade with the country?
A) a protective tariff
B) an import quota
C) a revenue tariff
D) an embargo
E) dumping
Answer: B
Explanation: B) This is a trade barrier in the form of a limit on the quantity of a product that can be imported.
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