The oldest and most common method for a government to restrict trade is by using quotas.

Name: The oldest and most common method for a government to restrict trade is by using quotas.
Brand: Quizplus
Rating: 4.8 (52 reviews)

Question

Quizplus · Accepted Answer

Tariffs, not quotas, are the oldest and most common method used by governments to restrict trade. Tariffs are taxes imposed on imported goods, making them more expensive and less attractive to consumers, thereby protecting domestic industries.

The Oldest and Most Common Method for a Government to Restrict