Asked by
Natalia Rodriguez
on Nov 22, 2024
Verified
In efforts to curb the influx of foreign goods into the country, the government of Losvane has set a limit on the number of goods that can be imported in a given year. In this case, the government of Losvane is most likely imposing a _____.
A) subsidy
B) tariff
C) sanction
D) quota
Quota
A direct limit on the number of goods that can be imported into or exported from a country
Influx
Refers to the arrival or entry of large numbers of people or amounts of goods into a place.
Foreign Goods
Products or services produced in one country and sold in another.
- Assess the impacts of trade policies such as tariffs, quotas, and subsidies on international trade.
Verified Answer
HB
Learning Objectives
- Assess the impacts of trade policies such as tariffs, quotas, and subsidies on international trade.