The purpose of an import quota is to ________.
A) eliminate competition for a nation's domestic industries
B) increase competition for a nation's domestic industries
C) reduce competition for a nation's domestic industries
D) make foreign competitors' goods less expensive than domestic goods
E) make foreign competitors' goods more expensive than domestic goods

Question

Quizplus · Accepted Answer

The purpose of an import quota is to reduce competition for a nation's domestic industries by limiting the amount of foreign goods that can be imported.

The Purpose of an Import Quota Is to ________