_____________ Set a Limit on the Number or Volume of a Product

question 43

Multiple Choice

_____________ set a limit on the number or volume of a product that can be imported or exported during a set period.

• A)Subsidies
• B)Tariffs
• C)Quotas
• D)Embargos

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Definitions:

Statute of Limitations

Legislation stipulating the longest period following an occurrence in which legal action can be started.

Legal Claim

is a right to seek a remedy or relief in a legal action due to the infringement of one's legal rights.

Forbearance to Sue

An agreement between a creditor and a debtor in which the creditor agrees not to sue the debtor for a specified period of time.

Statute of Limitations

A law that sets the maximum period one can wait before filing a lawsuit, depending on the type of case or claim.