- Imposing or increasing imports duty
- Imposing quotas or a limit on the amount of goods to be imported
- Imposing total ban on imports
- Limiting the foreign exchange allocated to importation of goods
- Administration bottlenecks
- Subsidizing local industries
- Encouraging import substitution (by the govt)
OR
List and explain measures that would control the volume of imports.
a.) Imposing or increasing import duty
By increasing or imposing import duty, imported goods become more expensive than locally produced goods. This would discourage importation of goods.
b.) Quotas
By reducing the maximum amount of goods that can be imported will reduce the amount of imports.
c.) Foreign exchange control
Importers pay for imports through foreign exchange, the amount of imports can be limited by limiting the foreign exchange that is located to the importation of goods.
d.) Administration of bottlenecks
Government may restrict the importation of commodities by putting in place cumbersome and complicated procedures to be followed by those who wish to import.
gideon1 answered the question on October 1, 2017 at 14:36
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