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What type of trade restriction that limits the amount of a particular good that may be imported into a country during a given period of time?

import quota


What are restrictions on the amount of a good that can be imported into a country?

Restrictions on the amount of a good that can be imported into a country are typically enforced through quotas, tariffs, or import licenses. Quotas limit the quantity of a specific good that can be imported during a given timeframe, while tariffs impose taxes on imports to make them more expensive. Import licenses may be required to control and regulate the entry of certain products. These measures aim to protect domestic industries, manage trade balances, and ensure consumer safety.


What is the definition of GDP and GNP?

A country's Gross Domestic Product, or GDP, is the amount of goods and services, measured at market prices, produced within the country during a particular time period (usually a year). Gross National Product, or GNP, is the amount of goods and services produced by residents of a country, regardless of where that production takes place.A country's Gross Domestic Product, or GDP, is the amount of goods and services, measured at market prices, produced within the country during a particular time period (usually a year). Gross National Product, or GNP, is the amount of goods and services produced by residents of a country, regardless of where that production takes place.Remember, GDP concern is BORDER, whereas GNP concern is PRODUCER.


What allows only a certain quantity of goods to be imported?

A quota is a trade restriction that limits the quantity of a specific good that can be imported into a country during a given timeframe. By imposing quotas, governments aim to protect domestic industries, control supply, and stabilize prices. This mechanism can also be used to comply with international agreements or to address trade imbalances.


What is the difference between a quota and embargo?

A quota is a limit on the quantity of a specific product that can be imported or exported during a given time period, often used to protect domestic industries from foreign competition. In contrast, an embargo is a government order that restricts trade with a particular country or the exchange of specific goods, typically for political reasons. While quotas manage trade volume, embargoes may halt trade entirely as a form of sanction or protest.

Related Questions

What type of trade restriction that limits the amount of a particular good that may be imported into a country during a given period of time?

import quota


What are restrictions on the amount of a good that can be imported into a country?

Restrictions on the amount of a good that can be imported into a country are typically enforced through quotas, tariffs, or import licenses. Quotas limit the quantity of a specific good that can be imported during a given timeframe, while tariffs impose taxes on imports to make them more expensive. Import licenses may be required to control and regulate the entry of certain products. These measures aim to protect domestic industries, manage trade balances, and ensure consumer safety.


How would you describe an import quota?

An import quota sets a physical limit on the amount of goods that may be imported during a given period. An export quota does the same for a nation's exports.


What do you called the amount of rain that falls in a place during a particular period?

The amount of rain that falls in a place during a particular period is called precipitation. This can include rain, snow, sleet, or hail.


What is the definition of GDP and GNP?

A country's Gross Domestic Product, or GDP, is the amount of goods and services, measured at market prices, produced within the country during a particular time period (usually a year). Gross National Product, or GNP, is the amount of goods and services produced by residents of a country, regardless of where that production takes place.A country's Gross Domestic Product, or GDP, is the amount of goods and services, measured at market prices, produced within the country during a particular time period (usually a year). Gross National Product, or GNP, is the amount of goods and services produced by residents of a country, regardless of where that production takes place.Remember, GDP concern is BORDER, whereas GNP concern is PRODUCER.


What contigent rent?

Contingent rent refers to rent that is not a fixed amount. The rent amount for a particular period will depend on the amount of revenue that the tenant had during that period of time.


Which nation or country had the largest amount of atomic bombs during the cold war?

Russia


What restricts the number of a certain type of product that can be imported into a country?

The number of a certain type of product that can be imported into a country is often restricted by import quotas, tariffs, and regulatory measures. Import quotas limit the quantity of specific goods that can be brought into the country during a given timeframe. Tariffs impose additional costs on imported goods, making them less competitive compared to domestic products. Additionally, regulatory measures may include safety standards, environmental regulations, and licensing requirements that further restrict imports.


What word has limits on the amount of goods people could have as the meaning?

The word is rationing. It means allowing each person to have only a fixed amount of a particular commodity during a shortage. Rationing of gasoline occurred during the World War.


The total amount of goods and services plus money and gold that flow into and out of a country during a given period make up the country's?

Balance of payments


The total amount of goods and services plus money and gold that flow into and out of a country during a given period make up the country's .?

Balance of payments


What does the parliament do in general?

Politics:it enact laws which govern the people of a particular country. Socially:it represents the majority views during sessions