answersLogoWhite

0


Best Answer

An import quota is a limit on the amount of goods that can ENTER a country.

User Avatar

Wiki User

13y ago

Still curious? Ask our experts.

Chat with our AI personalities

BlakeBlake
As your older brother, I've been where you are—maybe not exactly, but close enough.
Chat with Blake
ReneRene
Change my mind. I dare you.
Chat with Rene
JordanJordan
Looking for a career mentor? I've seen my fair share of shake-ups.
Chat with Jordan

Add your answer:

Earn +20 pts
Q: What is a import quota?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Related questions

What is a physical restriction on the number of goods that may be imported during a specific time period Export quota global quota selective quota or import quoata?

import quoata


How would you describe an import quota?

An import quota sets a physical limit on the amount of goods that may be imported during a given period. An export quota does the same for a nation's exports.


What is the purpose of import quota?

To reduce competition from foreign producers


The government limits the import of sugar from other countries?

QUOTA


How many cigarettes are you allowed from Norway?

The taxfree quota for bringing cigarettes into Norway is one carton, 200 cigarettes.There is no quota in bringing cigarettes out of Norway, only the import quota in the country you are travelling to.


What best states the purpose of an import quota?

To reduce competition from foreign producers.


A limit on the amount of a particular good that may be imported into a country during a given period of time?

Import quota


What is the difference between a tariff and an important quota?

A tariff is a tax on trade; a quota is a restriction on trade within a certain time or date.


What type of trade restriction that limits the amount of a particular good that may be imported into a country during a given period of time?

import quota


What is the policy that deals with a country's economic relations with foreign countries and comprises trade policy and exchange rate policy?

Tariff And Import Quota


The US government has announced a 5 million pound annual limit on beef imported from Argentina this type of trade restriction is called?

import quota


Which result would you expect from a U.S. import quota on automobiles?

higher automobile prices for U.S. customers