1. numerical limits on the quantity of imports are referred to as ____. quota tariffs exercise

1. numerical limits on the quantity of imports are referred to as ____.…

QUESTION IMAGE

Question

numerical limits on the quantity of imports are referred to as ____.

quota

tariffs
exercise

Explanation:

Brief Explanations

Quotas are numerical limits on the quantity of imports. Tariffs are taxes on imports. Excise is a tax on specific goods (usually domestic production - related in some contexts, not about quantity limits on imports).

Answer:

quotas