Both import quotas and VERs benefit _____ by limiting import competition,but they result in higher prices,which hurt _____.

Question

Quizplus · Accepted Answer

Both import quotas and VERs limit foreign competition, which benefits domestic producers by reducing competition and increasing their market share. However, these measures also result in higher prices for consumers who have fewer choices and must pay more for goods that are protected from competition.

Both Import Quotas and VERs Benefit _____ by Limiting Import