The objective of import quotas include
A)To protect domestic industries from foreign competition by restricting imports
B)To stabilize and maintain the external price level by regulating exports
C)To correct adverse balance of payments restricting exports
D)None of the above

Question

Quizplus · Accepted Answer

Import quotas are primarily used to protect domestic industries from foreign competition by limiting the quantity of goods that can be imported into a country.

The Objective of Import Quotas Include