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An import quota is a government-imposed limit on the quantity of a specific good that can be imported into a country during a given time period. The primary purpose of an import quota is to protect domestic industries from foreign competition, stabilize prices, and ensure a balance of trade. By restricting foreign goods, quotas aim to promote local production and safeguard jobs within the country.
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What best states Purpose of an important quota?
To reduce competition from foreign producers.
What best states the purpose of an import quota?
To reduce competition from foreign producers.
What best describes the purpose of the emancipation proclamation?
To free the slaves in the states that were in rebellion.
What best states the purpose of using a production possibility frontier?
Setting up efficient production
What best states the purpose if a government subsidy?
To protect domestic producers against international competition.
What best states the purpose of using production possibilities frontier?
Setting up efficient production
Which of the following terms best represents the document that states the organizational purpose and structure of a business?
bylaws
Which option best states the purpose of an outline?
an outline helps you organize information before writing a paper.
You got 2667 rank in uptu in SC quota what best college you can get?
If you can ask that question, I'm sure you know the answer!
What is the following best states the purpose of the news media?
to provide objective information that allows people to make good decisions.
What is a best sentence for purpose?
Opinions vary as to the purpose of the best sentence for the use of the word 'purpose'. This serves no purpose. I reached out to the porpoise on purpose.
What best states the purpose of the laws against theft fraud and coercion that exist a free-market society?
To protect free choice
