A ceiling imposed by a country on the quantity of a good or service it will import is called a
A. quota.
B. tariff.
C. non-tariff barrier.
D. trade embargo.
Ans: A. quota.
Economics
You might also like to view...
According to your authors, America's Great Depression of the 1930s was evidence of
A) an unstable free market system B) rampant greed among entrepreneurs. C) a cluster or accumulation of errors. D) antagonistic interests among the propertied and nonpropertied classes. E) all of the above.
Economics
What is the main reason that the distribution of measured wealth is more unequal than the distribution of income?
What will be an ideal response?
Economics