The objective of an import quota is to ________.
A)prevent dumping
B)raise revenue for the government
C)ban the importation of certain goods
D)protect domestic industries

Question

Quizplus · Accepted Answer

Import quotas are used to protect domestic industries by limiting the amount of foreign competition a domestic industry must face. By setting a limit on the amount of goods that can be imported, domestic industries are protected from being priced out of the market. This is done by making sure that the domestic industry has a customer base that is not being dominated by foreign competition.

The Objective of an Import Quota Is to ________