What is the purpose of import quotas?

Question

to decrease the amount of certain imported goods

to create a self-imposed limitation on exports

to increase the amount of certain imported goods

to lower trade barriers

Answer 1

The purpose of import quotas is to decrease the amount of certain imported goods. Import quotas are government-imposed limits on the quantity of specific goods that can be imported into a country during a given timeframe. This is often done to protect domestic industries from foreign competition, maintain the balance of trade, or ensure national security.