What term is used to describe a government-imposed limit on the amount of a good that can be imported?

A quota is a specific term used to indicate a government-imposed limit on the amount of a particular good that can be imported into a country. This regulation is put in place to protect domestic industries from foreign competition and to control the supply and demand of certain products within the country. By establishing quotas, governments can effectively manage trade balances and influence consumer prices.

Quotas are distinct from tariffs, which are taxes imposed on imported goods, as tariffs focus on raising revenue or making imported goods more expensive. Subsidies refer to financial assistance given by the government to domestic producers to help them compete against foreign imports, rather than limiting imports. Trade barriers is a broader term that encompasses any restrictions on trade, including tariffs and quotas, but does not specifically define the limit imposed on imports by quantity. Thus, the designation of a quota specifically addresses the limitation aspect, making it the correct term for this scenario.