The effect of an import quota is to
A) increase the supply of the good and lower its price.
B) increase the supply of the good and increase its price.
C) increase the demand for the good and increase its price.
D) decrease the supply of the good and raise its price.
Correct Answer:
Verified
Q86: Who benefits from an import quota on
Q87: A difference between a quota and a
Q88: The U.S. government imposes an import quota
Q89: An import quota directly restricts _ and
Q90: A tariff is
A) a government imposed limit
Q92: A key difference between a quota and
Q93: Voluntary export restraints (VERs)
A) do not protect
Q94: In 2016 the U.S. government reduced the
Q95: The U.S. government limits the amount of
Q96: If a government imposes a quota on
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