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Q.

[[1]] and ____ are ways to discourage imports in the country.


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Detailed Solution

Quotas & tariffs are ways to discourage imports into the country.
When the government places a limit on the number of goods that can be imported, it is known as the quota. And on the other hand, tariffs are referred to as the tax imposed by the government of a country on the imports of goods, which is even a source of revenue for the government. For example, suppose there are no restrictions on the import of Chinese toys or goods. In that case, the Indian market will be full of Chinese toys, thus reducing the sales of the Indian producer, leading to the closure of toy industries and a rise in unemployment in India. Therefore, to not let this happen, the government either imposes a tax on the goods, which are known as tariffs, or the government will place a limit on the goods that can be imported. This means a limit will be set that goods can be imported up to this extent.
 
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