What is it called when the UK restricts the quantity of steel that can be imported within a set timeframe?

Choose the correct answer

Explanation

The correct answer is A: a quota. This refers to a government-imposed limit on the quantity of a specific good that can be imported during a certain period. Dumping involves selling products at unfairly low prices, a tariff is a tax on imports, and an export subsidy is financial support to encourage exports.

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