Limits on the quantity of a foreign good that can be imported into the domestic market are

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Import quotas are limits on the quantity of a foreign good that can be imported into the domestic market. These quotas are typically set by the government as a way to protect domestic industries, limit competition, and control the balance of trade. Tariffs are taxes imposed on imported goods and export quotas are limits on the quantity of a domestic good that can be exported to other countries. Import capacity limits are not a commonly used term in international trade.

Limits on the Quantity of a Foreign Good That Can