The two groups that benefit the most from quotas are
A) the importers who have the right to import the restricted good and the domestic producers of the restricted good.
B) the domestic consumers of the restricted good and the domestic producers of the restricted good.
C) the domestic consumers of the restricted good and the foreign producers of the restricted good.
D) the importers who have the right to import the restricted good and the domestic consumers of the restricted good.
A
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An inframarginal positive externality _____
a. requires subsidization to reach an optimal level of output b. requires regulation to reach an optimal level of output c. requires corrective taxation to reach an optimal level of output d. requires no action because the optimal level of output has been reached
The theory that there are no predictable trends in securities prices that can be used to "get rich quick" is the
A) dartboard theory. B) random walk theory. C) Wall Street theory. D) inefficient market hypothesis.