Instead of taxing imports, a country caps the quantity that may enter …

Question

Instead of taxing imports, a country caps the quantity that may enter each year. That cap is an:

Accepted Answer

A. Import quota

1. No tax is charged.
2. The limit is on quantity.
3. It is an import quota.
_Source: OpenStax Principles of Economics 3e, Chapter 34, Globalization and Protectionism._

Answer

Interest cap

Answer

Excise duty

Answer

Export bounty

Instead of taxing imports, a country caps the quantity that may enter each year. That cap is an:

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