A Ceiling Imposed by a Country on the Quantity of a Good

question 182

Multiple Choice

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.

---

Definitions:

Growth

A process whereby an economy's capacity to produce goods and services increases over time.

Population Growth

The increase in the number of individuals in a population, often measured as the change in the total number of residents over a specific time period.

Incentives

Factors, monetary or non-monetary, that motivate individuals or entities to perform certain actions or behave in a desired way.

Coercion

The practice of forcing another party to act in an involuntary manner by use of threats, intimidation, or some other form of pressure or force.