Question

_________ : sets, as law, a fixed amount of an item that can be imported.
a. Tariff
b. Embargo
c. Import quota
d. Protectionism

Answer 1

C
An import quota is a limit on the quantity of an item that can be sold domestically. It can also be a form of protectionism.
Tariff is about how much you have to buy to buy other items made by other nations (tax)
Embargo is a ban on trade goods