An import quota directly restricts ________ and are designed to protect domestic ________.
A) exports; consumers
B) exports; producers
C) imports; consumers
D) imports; producers
Correct Answer:
Verified
Q84: Who benefits from a tariff on a
Q85: Tariffs _ the domestic price of the
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
Q90: A tariff is
A) a government imposed limit
Q91: The effect of an import quota is
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
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