1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
GREYUIT [131]
3 years ago
11

What is the government’s aim in setting quotas?

History
2 answers:
dexar [7]3 years ago
8 0

Answer:

to increase sales of domestic goods

Explanation:

Import quotas are a type of customs barrier. This instrument consists in the establishment by the government of a limit on the quantity of a product to be imported. Thus, the claimants of that product may import a specific quantity and nothing more.

This is a form of protectionism, since the establishment of quotas aims to stimulate the sale of domestic products. If there is a demand for the product and if the quantity that can be imported is less than the demand, consumers will necessarily have to consume the product that is manufactured domestically.

aalyn [17]3 years ago
8 0

<em><u>The government’s aim in setting quotas is  to increase sales of domestic goods. </u></em>

<em><u></u></em>

Further Explanations:

Import quotas are customs barrier establishment by the government to limit the number of imported products.This is a practice of protectionism as its establishment aims to the stimulation of the sale of domestic products in the own nation. In the case of the high demand for import products is made limited then automatically the consumer will go for the alternative of that product made domestically. These policies in another term increase domestic trade.

Adam Smith, Scottish philosopher wrote the book “The Wealth of Nation” explaining the Mercantilism system explaining that to maintain a stable economy the nation should peddle goods overseas starved of ample import. By endorsing the “domestic Industry” we can confer that we are proposing to secure our nation's interest,directing the production in such a way to yield goods of great value.  

Learn More

  1. In 1972 the wrath of hurricane Agnes resulted in the evacuation of a Pennsylvania town due to the rising water of what river?<u>brainly.com/question/10069321 </u>
  2. From which country did the united states need to buy rights before building a canal across Central America?<u>brainly.com/question/653966 </u>
  3. The impact of Furman v. Georgia (1972) was that states had to promise to use the death penalty only with approval from the Supreme Court. Throw out the old Miranda warning and write a new one. Agree to throw out all state laws regarding crime and impose national standards. Create clear standards to be applied fairly before imposing the death penalty? <u>brainly.com/question/637963</u>

Answer Details

Grade: High School

Subject: History

Chapter: Import quotas

Keywords:

Adam Smith, Scottish philosopher, The Wealth of Nation, Mercantilism system, tariff products, overseas,Import quotas, protectionism, domestic products, domestically,Mercantilism system, domestic Industry,

You might be interested in
Analyze how each of the following factors contributed to the rapid economic growth of the Gilded Age. In your response, include
Leni [432]

Answer:

The Gilded Age

Explanation:

Technologies were developing rapidly, which led to the rapid economic growth with the transportation and manufacturing industries. During the Gilded Age, there was a large amount of capital floating in society among wealthy people. More immigrants began to settle in cities to work in factories.

The significant industries were steel, oil, banking, railroad, timber, sugar, liquor, meatpacking, mining, tobacco, and textile industries. Some of the entrepreneurs were Andrew Carnegie, John D. Rockefeller and Henry Frick.

The telephone, electricity, and the light bulb were some of the new inventions by Alexander Graham Bell, Thomas Edison, and Nikola Tesla and others.

5 0
3 years ago
Read 2 more answers
What region of africa has close historical ties to europe?
Aliun [14]
I'm not sure but I think it is south Africa or Egypt
6 0
3 years ago
Read 2 more answers
Someone kown Siege of the International Legations?
o-na [289]

Answer:

The siege of the International Legations occurred in 1900 in Peking, the capital of the Qing Empire, during the Boxer Rebellion. Menaced by the Boxers, an anti-Christian, anti-foreign peasant movement, 900 soldiers, sailors, marines, and civilians, largely from Europe, Japan, and the United States, and about 2,800 Chinese Christians took refuge in the Peking Legation Quarter. The Qing government took the side of the Boxers after the Eight-Nation Alliance invaded Tianjin at the Battle of the Taku Forts (1900), without a formal declaration of war. The foreigners and Chinese Christians in the Legation Quarter survived a 55-day siege by the Qing Army and Boxers. The siege was broken by an international military force which marched from the coast of China, defeated the Qing army, and occupied Peking (now known as Beijing). The siege was called by the New York Sun "the most exciting episode ever known to civilization."

The Legation Quarter was approximately 2 mi (3.2 km) long and 1 mi (1.6 km) wide. It was located in the area of the city designated by the Qing government for foreign legations. In 1900, there were 11 legations located in the quarter as well as a number of foreign businesses and banks. Ethnic Chinese-occupied houses and businesses were also scattered about the quarter. The 12 or so Christian missionary organizations in Beijing were not located in the Legation Quarter, but rather dispersed around the city. In total, there were about 500 citizens of Western countries and Japan residing in the city. The northern end of the Legation quarter was near the Imperial City where the Empress Dowager Cixi resided. The southern end was bounded by the massive Tartar Wall which ringed the entire city of Beijing.[2] The eastern and western ends were major streets.

Explanation:

7 0
3 years ago
Read 2 more answers
Following World War II, the United States opposed the economic system of the Soviet Union and its allies because
Arlecino [84]

Answer:

too close to a free market

8 0
2 years ago
What factors contribute to the rise of the Nazi party in Germany
sammy [17]

Answer:

The Treaty of Versailles (huge money reparations)

The Great Depression (unemployment, couldn’t afford basic necessities)

:)

7 0
3 years ago
Other questions:
  • Why did the german government issue a single currency for all of germany
    11·1 answer
  • What are three inventions besides the telephone by alexander graham bell?
    12·2 answers
  • African american attorney who fought segregation
    14·1 answer
  • What happened to the Federalists after the War of 1812?
    9·1 answer
  • What steps did akbar the great take to unify the mughal empire?
    6·1 answer
  • According to the Upanishads, What are the TWO CORE beliefs of Hinduism? (select two that apply)
    11·1 answer
  • Can someone please help mea​
    11·1 answer
  • Why aren't there human figures in islamic art?
    12·1 answer
  • Which statement best completes the diagram related to the U.S public schools in the late 1700s and early 1800's
    5·2 answers
  • Pls stop deleting my Q there is nothing wrong with it
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!