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The United States allows a certain amount of foreign cheese into the country each year. Which of the following is this an example of?

Aembargo
Bimport quota
Cprotectionism
Dvoluntary trade restriction

Verified Answer :

Erudicant

The answer is import quota; the limit of a product a country can buy abroad and sell domestically.

Embargo - no trade allowed between countries with poor political circumstances
Protectionism - Method used by countries to protect goods (e.g. tariffs)
Voluntary trade restriction - Limit on EXPORTS

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