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A government-imposed restriction on the quantity of a specific good that may be imported to and sold ...

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A government-imposed restriction on the quantity of a specific good that may be imported to and sold ...

Question 1.

The maximum amount of a good that may be imported during a specified period of time is

• an import quota.

• comparative advantage.

• dumping.

• an infant industry agreement.

Question 2.

A government-imposed restriction on the quantity of a specific good that may be imported to and sold in the United States is called a

• quota system.

• union trade system.

• reverse-trade system.

• tariff system.

Textbook

Economics Today: The Micro View

Edition: 19^th

Author: Miller

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nick1116

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Suedyso Author

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This site is awesome

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Good timing, thanks!

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