An import quota is a quantitative restriction on the import of a good that limits the maximum

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An import quota is a quantitative restriction on the import of a good that limits the maximum quantity of a good that may be imported in a given period. The United States imposes import quotas on many items, including sugar, bananas, beef, and textiles.

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Foundations Of Microeconomics

ISBN: 9780134491981

8th Edition

Authors: Robin Bade, Michael Parkin

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