Which one of the following interest groups would gain from the imposition of a quota on United States steel imports?
A. United States firms that build skyscrapers of steel and glass.
B. Steelworkers in Pennsylvania and Ohio.
C. United States industries that use farm equipment and machine tools.
D. Foreign producers who sell steel in the United States.
B. Steelworkers in Pennsylvania and Ohio.
Economics
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Governments can reduce depletion of resources by restricting access to the resource
Indicate whether the statement is true or false
Economics
The above figure shows Dana's marginal benefit curve for ice cream. If the market price is $2 per gallon, then Dana's consumer surplus from the 4th gallon of ice cream is
A) $0. B) $2. C) $3. D) $10.
Economics