When Canada’s government puts a limit on how much American wheat and barley it will import this year, it is imposing which type of trade barrier?(1 point)

Responses

embargo
embargo

opportunity cost
opportunity cost

tariff
tariff

quota

quota

The correct answer is quota. A quota is a type of trade barrier that restricts the quantity or value of a particular good that can be imported or exported. In this scenario, when Canada's government puts a limit on how much American wheat and barley it will import, it is imposing a quota on these products. This means that only a specific amount of American wheat and barley can be imported into Canada, and any quantity beyond that limit will not be allowed entry.

The answer is quota.