In an effort to protect the automobile industry, a country decides to impose a(n) ________ to limit the number of units of sedans that can be imported into the country.Multiple Choicesubsidyembargoquotaexchange control
Question
In an effort to protect the automobile industry, a country decides to impose a(n) ________ to limit the number of units of sedans that can be imported into the country.Multiple Choicesubsidyembargoquotaexchange control
Solution
The correct answer is "quota". A quota is a government-imposed trade restriction that limits the number or monetary value of goods that a country can import or export during a particular period. In this case, the country is setting a limit on the number of sedans that can be imported, which is a quota.
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