A country may impose export quotas to protect its domestic producers from international competition.

Question

Quizplus · Accepted Answer

Export quotas are typically imposed to restrict the amount of goods leaving a country, often to ensure domestic supply or to control prices, rather than to protect domestic producers from international competition. Import quotas, on the other hand, are used to protect domestic industries from foreign competition.

A Country May Impose Export Quotas to Protect Its Domestic