The windfall price increase of an imported good that results when a quota is imposed on that good accrues to
A) consumers who benefit from the lower-priced domestic substitutes.
B) no one, since only a tariff generates an explicit revenue stream.
C) firms in the industry protected by the imposition of the quota.
D) the government because it imposes the quota.
E) the importer who is successful in getting a license to import the good.
Correct Answer:
Verified
Q39: Maquiladoras are
A) Mexicans who illegally cross the
Q40: For a country to specialize completely in
Q41: If the U.S.government were to impose a
Q42: The following question are based on the
Q43: In general,tariffs,quotas,and other barriers to free trade
A)
Q45: The price of domestically produced wine in
Q46: Which of the following is considered the
Q47: The following question are based on the
Q48: Under free trade,a country's producers can tell
Q49: A quota is
A) a tariff on exports.
B)
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents