Which type of trade barrier limits the number of goods that can be imported in a year?A.TariffB.SubsidyC.QuotaD.EmbargoSUBMITarrow_backPREVIOUS

Step 1: Identify the Trade Barriers

1. Tariff: A tax imposed on imported goods, increasing their price and potentially reducing imports.
2. Subsidy: Financial aid provided by the government to local businesses to make their goods cheaper compared to imported goods.
3. Quota: A limit on the quantity of a specific good that can be imported in a given period, thus directly restricting imports.
4. Embargo: A government order that restricts commerce or trade with a specific country or the exchange of specific goods.

Step 2: Understand the Question

The question specifically asks which type of trade barrier limits the number of goods that can be imported in a year.

Step 3: Analyze the Options

• Tariff and Subsidy do not set a specific quantity limit on imports.
• Quota directly limits the number of goods imported.
• Embargo restricts trade entirely with specific countries but does not apply a numerical limit on all goods.

Step 4: Conclusion

Based on the definitions and analysis:

Final Answer

C. Quota