The US government wants to protect its domestic automobile industry from the growing Canadian automobile industry. What action should US government take to address this issue and why?A.By imposing a quota on Canadian imports, the government can help lower prices for consumers and reduce demand for Canadian automobiles.B.By imposing a quota on Canadian imports, the government can help reduce competition domestically and increase demand for US automobiles.C.By imposing a tariff on Canadian imports, the government can help lower the costs of production and increase profits for USproducers.D.By imposing a tariff on Canadian imports, the government can improve the quality of US automobiles and decrease their cost for consumers

An import quota is a type of trade restriction that sets a physical limit on the quantity of a good that can be imported into a country in a given period of time. Quotas, like other trade restrictions, are typically used to benefit the producers of a good in that economy/

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adefioyelaoye adefioyelaoye · Answer 2 · 2021-11-11T13:04:47+01:00

The US government will protect automobile industry from the growing

Canadian automobile industry by imposing quota on Canadian imports, can

reduce competition domestically and increase demand for US automobiles.

The US government controls what goes in and out of the country and has

the right to dictate how it wants things to be done in its territory.

Protecting the automobile industry will lead to the government imposing

quota such as high import fees thereby increasing price and reducing

competition domestically and increase demand in its automobiles.

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