This graph demonstrates the domestic demand and supply for a good, as well as a quota and the world price for that good.
According to the graph shown, if the government restricts free trade, area G represents:
A. government tax revenues, which go to the domestic government.
B. quota rents, which go to foreign firms or governments.
C. quota rents, which go to domestic producers.
D. government tax revenues, which go to the foreign government.
Answer: B
Economics
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