The limit on the amount of a good allowed into a country is called _____ .

The term that defines a limit on the amount of a good that can be imported into a country is "quota." Quotas are established by governments to regulate the volume of foreign goods entering a country, often with the aim of protecting domestic industries from foreign competition, managing supply levels, or achieving various economic objectives.

In this context, a quota directly restricts the quantity of a specific good, ensuring that local producers have a greater chance to thrive by reducing the availability of competing imports. This mechanism can influence market prices and availability, serving as a tool for trade regulation.

In contrast, while tariffs impose taxes on imported goods to increase their price and discourage imports, subsidies are financial assistance provided by governments to local producers to make their goods cheaper. An embargo involves a complete ban on trade with a specific country or the exchange of specific products. Thus, quotas specifically focus on limiting quantities, distinguishing them from these other trade-related measures.