Question

Singapore is one of the leading producers of coffee in the world. However, there are a few companies in Singapore that import coffee from Brazil and India. Which of the following can Singapore establish to promote self-sufficiency?
A. Import liberalization.
B. Export incentives.
c. Import quotas.
d. complementary import policy.

Answer 1

Answer:

c. Import quotas.

Explanation:

An import quota is a restrictions made on the trade that specify the physical ,imit on the good quantity that could be imported in a country for the particular period of time. It is used for providing the benefit to the producers in that particular economy

So as per the given situation, the option c is correct

and, the same should be considered