Which of the following directly affect the price and quantity of foreign made product in a country, by restricting the amount of product that can be imported?
A) Local content law
B) Quotas
C) Cartels
D) Subsidies
E) Protectionism

Question

Quizplus · Accepted Answer

B)Even free market economies, such as the United States, have some quotas or tariffs, both of which affect prices and quantities of foreign-made products.

Which of the Following Directly Affect the Price and Quantity