Sovi.AI - AI Math Tutor

Scan to solve math questions

QUESTION IMAGE

a limit on the quantity of a product that may be imported or exported. …

Question

a limit on the quantity of a product that may be imported or exported. choose absolute advantage comparative advantage imports tariff trade surplus embargo trade deficit quota exports interest rate

Explanation:

Brief Explanations

A quota is a limit on the quantity of a product that can be imported or exported. It is a form of trade - restriction. Other terms like absolute advantage and comparative advantage relate to production efficiency, tariffs are taxes on imports/exports, trade surplus/deficit are about the balance of trade, embargo is a complete ban on trade, imports/exports are goods coming in/going out of a country, and interest rate is related to borrowing costs and not trade quantity limits.

Answer:

quota