Who benefits from an import quota on a good?
A) Foreign governments
B) Domestic consumers of the good
C) Foreign producers of the good
D) Domestic producers of the good

Question

Quizplus · Accepted Answer

Domestic producers of the good benefit from an import quota because it limits the amount of foreign competition they face, potentially allowing them to charge higher prices and sell more of their product domestically.

Who Benefits from an Import Quota on a Good