When quotas are eliminated,losers include
A)There are no losers when free international trade is established.
B)Domestic producers.
C)Foreign producers.
D)Domestic consumers.

Question

Quizplus · Accepted Answer

When quotas are eliminated, domestic producers can be considered as losers because they will face increased competition from foreign producers. These foreign producers may have lower production costs and be able to sell their products at a lower price, leading to a decrease in demand for domestically produced goods. However, it should be noted that overall, the elimination of quotas can benefit society as a whole by increasing efficiency and promoting global economic growth.

When Quotas Are Eliminated,losers Include