A Tariff Is a Numerical Limit on the Quantity of a Good

question 16

True/False

A tariff is a numerical limit on the quantity of a good that can be imported.

---

Definitions:

Toxic Substances Control Act

A U.S. law, enacted in 1976, aimed at regulating the introduction of new or already existing chemicals.

Federal Insecticide, Fungicide, and Rodenticide Act

A United States federal law passed in 1947 that provides federal control of pesticide distribution, sale, and use.

Clean Water Act

A U.S. federal law aimed at regulating the discharge of pollutants into the nation's surface waters, including lakes, rivers, streams, and coastal areas.

Federal Government

The national government of a federation, which holds the authority to govern the entire country, distinct from state or local governments within the federation.