If the Uk placed a limit on the amount of steel that could be imported into the UK in a particular period this would be an example of ?
Correct answer: A. a quota
- A. a quota
- B. dumping
- C. a tariff
- D. an export subsidy
Explanation
A quota is a direct quantitative limit on the amount of a good that may be imported during a period. A tariff restricts imports indirectly by imposing a tax on them.
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