An import quota protects domestic producers by
A) setting a limit on the amount of imports.
B) placing a prohibitive tax on imports.
C) encouraging competition among domestic producers.
D) increasing the total supply of the product.

Question

Quizplus · Accepted Answer

An import quota protects domestic producers by setting a limit on the amount of imports, which can reduce foreign competition and help maintain domestic production levels.

An Import Quota Protects Domestic Producers by