The purpose of a quota is to ________.
A) protect local employment
B) provide competition to local industry
C) eliminate trade barriers between nations
D) increase the amount of foreign imports
E) increase the amount of foreign exchange

Question

Quizplus · Accepted Answer

Quotas are often put in place to limit the amount of imports of a particular product, which can help protect local employment and industries by making it harder for foreign manufacturers to flood the market with lower-priced goods. This is done to prevent local industries from being adversely affected by foreign competition.

The Purpose of a Quota Is to ________