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Pedro's company just started exporting raw cane sugar to the United States. Unlike some of the other countries that it trades with, there is a set limit to how much raw cane sugar it can export to the United States without paying higher tariff rates. Pedro is confused about this and asks his manager about it. His manager replies that the United States has a(n) ___________________ on raw cane sugar.

Respuesta :

Answer: Quota

Explanation:

A quota is referred to as or known as the type of a trade restriction under which one sets the physical limit to quantity of the good and commodity which are imported into a nation or a country in the given time period. Quotas, just like the several other trade restrictions, have been typically utilized in order to benefit producers of a commodity or good in the economy.

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