Question

What is the government's aim in setting quotas? to create more competition in the market to increase sales of domestic goods to keep tariffs high to limit export of domestic goods

Answer 1

Answer:

to increase sales of domestic goods

Explanation:

Quotations are used to balance the structure of foreign trade and balance of payments, regulate the level of supply and demand in the domestic market, fulfill international obligations and achieve mutually beneficial agreements in intergovernmental negotiations.

Quotation is the limitation of the physical or cost volume of imports to national markets with the help of various types of quotas - global, individual, bilateral, seasonal. The role of quotas is to protect national producers, maintain a certain price level in the domestic market, and often to exert pressure on the exporting country.