An import quota does which of the following?
a. decreases the price of the imported goods to consumers
b. increases the price of the domestic goods to consumers
c. redistributes income away from domestic producers of those products toward domestic producers of exports
d. both a) and c)

An import quota is a sort of trade restriction that establishes a physical limit on the amount of an item that may be imported into a nation over a specific time period. Quotas, like other trade restrictions, are generally implemented to benefit the economy's producers of an item. The quota share is a predetermined quantity or percentage of the total quota allotted to each individual company.

An import quota is a cap on the overall amount of imports that can enter a country in a specific time period. It is a non-tariff obstacle. A quota restricts supply, causing prices to rise. For example, China has a limit of 300,000 tonnes per year on Cambodian rice exports.

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An import quota does which of the following? a. decreases the price of the imported goods to consumers b. increases the price of the domestic goods to consumers c. redistributes income away from domestic producers of those products toward domestic producers of exports d. both a) and c)

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What is import quota?

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An import quota does which of the following?
a. decreases the price of the imported goods to consumers
b. increases the price of the domestic goods to consumers
c. redistributes income away from domestic producers of those products toward domestic producers of exports
d. both a) and c)