An import quota protects domestic producers by
A. setting a limit on the amount of imports.
B. placing a prohibitive tax on imports.
C. encouraging competition among domestic producers.
D. increasing the total supply of the product.
Answer:A
An import quota protects domestic producers by
A. setting a limit on the amount of imports. B. placing a prohibitive tax on imports. C. encouraging competition among domestic producers. D. increasing the total supply of the product.