Question

A ________ limits the quantity of imported merchandise, thus minimizing competition faced by domestic products.

Answer 1

Answer: Import  Quota

Explanation:

A quota is  defined as a  government-imposed limit that is placed on  trade whether import or export so as to control goods and services that  enter or leave the country. we have different typos of quota  but we will talk about the

Import Quotas --- To reduce competition faced by local products, government places import quotas on import goods so as to prevent the flood of foreign goods in the market which most times are cheaper than local goods as they are mostly produced with cheaper labor than the domestic products .