what is the governments aim in setting quotas?\no to create more competition in the market\no to increase…
what is the governments aim in setting quotas?\no to create more competition in the market\no to increase sales of domestic goods\no to keep tariffs high\no to limit export of domestic goods
Answer
Brief Explanations:
Quotas are trade - restricting measures. By limiting the quantity of imports, domestic producers face less foreign competition, which can increase sales of domestic goods. Creating more competition is not the aim as quotas limit foreign supply. Quotas are not directly related to keeping tariffs high. They are mainly for limiting imports, not exports of domestic goods.
Answer:
to increase sales of domestic goods