Question

How do quotas protect local producers?(1 point)

Responses

Quotas limit the goods that can be imported, which ensures less competition for local producers.
Quotas limit the goods that can be imported, which ensures less competition for local producers.

Quotas increase competition among different countries, which lowers prices of goods.
Quotas increase competition among different countries, which lowers prices of goods.

Quotas help organize workers to advocate for increased protections.
Quotas help organize workers to advocate for increased protections.

Quotas add a fee to the price of imported goods, so they are less competitive than local products.

Answer 1

[AI-generated answer — Bot GPT 3.5]

Quotas limit the amount of goods that can be imported into a country. This ensures that there is less competition for local producers because they have a larger market share. By limiting the number of imported goods, quotas protect local producers from being overwhelmed by cheaper foreign products.