Which of the following is not correct about quotas?
A) The imposition of quotas rewards domestic producers with higher prices.
B) The imposition of quotas creates opportunities for lobbyists to seek the perpetuation of quotas.
C) Quotas on steel, textiles and apparel, and sugar have been in effect in the United States for several decades.
D) Lobbying efforts by domestic producers and foreign exporters are vigorously fought by domestic consumers.
E) The auctioning off of quotas to foreign producers would increase federal revenue.
Correct Answer:
Verified
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A) lower domestic prices.
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