____ are restrictions on the quantity of goods brought into a country.
A) Export restraints
B) Import quotas
C) Local content requirements
D) Antidumping duties

Question

Quizplus · Accepted Answer

Import quotas are restrictions on the quantity of goods that can be imported into a country. They are put in place to protect domestic industries from being overwhelmed by foreign competition. Import quotas can limit the amount of foreign goods allowed into a country, either by setting a maximum quantity or a maximum value of goods that can be imported. Import quotas are restrictions on the quantity of goods that can be imported into a country. They are often used to protect domestic industries from foreign competition.

____ Are Restrictions on the Quantity of Goods Brought into a Country