Which of the following is a reason why nations set up import controls?

Question

Quizplus · Accepted Answer

Nations set up import controls to prevent foreign companies from destroying home industries by flooding the local market with cheaper imports. This can lead to job losses and a decline in the competitiveness of domestic industries. The other options are not primary reasons for import controls. Antidumping duties are imposed to prevent foreign companies from selling goods below market value and hurting local producers. Import controls may also reduce the flow of foreign currency, but that is not the primary motivation for their implementation. Finally, preventing unfriendly nations from obtaining sensitive goods is a reason for export controls, not import controls.

Which of the Following Is a Reason Why Nations Set