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AP Microeconomics
Unit 2 – Supply and Demand
Topic 2.9
Which of the following describes the purpose of trade quotas?
Trade quotas aim to limit the amount of a particular good imported from other countries.
Trade quotas eliminate competition among domestic industries.
Trade quotas reduce consumer surplus by restricting choices in the market.
Trade quotas encourage domestic industries to produce similar goods.
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AP Microeconomics - 2.9 International Trade and Public Policy
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Trade Quotas
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Cram Mode
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© 2024 Fiveable Inc. All rights reserved.
AP® and SAT® are trademarks registered by the College Board, which is not affiliated with, and does not endorse this website.
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