Business, 25.07.2019 01:30 freedygotmoney

What is the purpose of quotas? to ban all imports from a country to ensure specific goods are not available to consumers to limit how much of a good can be imported to keep prices on domestic goods low

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Answer from: ash011519

to limit how much of a good can be imported is your answer

Usually quotas are set in businesses to allow one's own country's businesses to thrive, and if excessive material comes from abroad that is cheaper, more people will buy the cheaper product. Limiting is one way to protect one's countries businesses and jobs.

hope this helps

Answer from: dh29229

The correct answer is to limit how much of a good can be imported.

The purpose of quotas is to limit how much of a good can be imported.

Further Explanation:

Quotas:

The quotas are a benefit for the domestic producers of the country. Quotas are import restrictions by the government of the country to protect the domestic producers of the country. Quotas are a specified limit for the import of goods from the other country, to promote the products of the domestically produced goods or services.

Justification for the correct and incorrect

to ban all imports from a country: This option is incorrect.

Quotas are import restrictions to protect the domestic producers of the country not to ban all imports from a country.

to ensure specific goods are not available to consumers: This option is incorrect.

The main purpose of quota is to restrict the imports of the country to protect the domestic producers not to ensure that the specific goods are not available to consumers.

to limit how much of a good can be imported: This option is correct.

Quotas are import restrictions to protect the domestic producers of the country. Quotas are limiting how much of a good can be imported because imported goods are mostly cheaper than domestic products sometimes, so people will prefer cheap products more and will refuse to buy domestic products.

to keep prices on domestic goods low: This option is incorrect.

Quotas are import restrictions on goods to protect domestic producers not to keep prices on domestic goods low.

Learn More:

1.The demand for product

2. Elasticity of demand

3. Demand and supply diagram

Answer Details:

Grade: High school

Chapter: Tariffs and quotas

Subject: Economics

Keywords:

What is the purpose of quotas, to ban all imports from a country to ensure specific goods are not available to consumers to limit how much of a good can be imported to keep prices on domestic goods low.

Answer from: Quest

you get one warning and if you do something to violate the guidelines of after that you get kicked off.

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Answer from: Quest

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