Chapter 18, Problem 2AA

To determine

To fill: The blank with suitable option.

Answer to Problem 2AA

Option (e)

Explanation of Solution

Import refers to the expenditure made by residents of a nation on the purchase of goods and services that have been produced abroad. In other words, imports are the act of selling goods and services by a nation to the rest of the world in order to promote its international trade which helps the domestic economy to earn foreign exchange. Some countries try to oppose imports by imposing various restrictions such as tariffs, quotas as it leads to the outflow of huge foreign exchange reserves.

Hence the correct option is (e) restrict.