An agreement negotiated by two countries that places a numerical limit on the quantity of a good that can be imported by one country from another country is called

A) a non-tariff trade barrier.
B) an export quota.
C) an import quota.
D) a voluntary export restraint.

Answer: D

Economics

You might also like to view...

There are no arguments in favor of inheritance taxation on efficiency grounds, only on equity grounds

a. True b. False

Economics

The Navigation Acts:

a. placed tariffs on the import of British goods by the colonies. b. prohibited trade between the British West Indies and the colonies. c. allowed colonial trade on British ships commanded by foreign captains. d. encouraged trade between the colonies and the Dutch. e. None of the above is correct.

Economics