A government may impose import quotas to force companies from other nations to compete against one another for the limited amount of imports allowed.

Question

Quizplus · Accepted Answer

Import quotas limit the amount of imports allowed into a country, creating competition among companies from different nations for the limited amount of imports available. This can lead to lower prices and better quality products for consumers, and can also benefit domestic producers who are competing against foreign companies.

A Government May Impose Import Quotas to Force Companies from Other