A Level Economics (9708)•9708/14/M/J/22

Explanation
Import Quota as a Trade Restriction
Steps:
- Define import quota: A government limit on the quantity of specific goods that can enter a country.
- Compare to choices: Eliminate options that describe bans, regulations, or taxes instead of quantity limits.
- Identify match: Option D directly states the quantity limit, aligning with the definition.
- Confirm: Quotas control supply without prohibiting imports entirely.
Why D is correct:
- An import quota restricts the physical volume or value of imports allowed, as defined in international trade law like WTO agreements, to protect domestic industries.
Why the others are wrong:
- A: A ban is an embargo, which prohibits all imports of goods, not just limits quantity.
- B: Strict regulations refer to non-tariff barriers like safety standards, not quantity caps.
- C: A tax is a tariff, which increases import prices through duties, not by limiting amounts.
Final answer: D
Topic: Protectionism
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