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This Graph Demonstrates the Domestic Demand and Supply for a Good,as

Question 129

Multiple Choice

This graph demonstrates the domestic demand and supply for a good,as well as a quota and the world price for that good. This graph demonstrates the domestic demand and supply for a good,as well as a quota and the world price for that good.   According to the graph shown,if the government restricts free trade,area G represents: A)  quota rents, which go to domestic producers. B)  quota rents, which go to foreign firms or governments. C)  government tax revenues, which go to the domestic government. D)  government tax revenues, which go to the foreign government. According to the graph shown,if the government restricts free trade,area G represents:


A) quota rents, which go to domestic producers.
B) quota rents, which go to foreign firms or governments.
C) government tax revenues, which go to the domestic government.
D) government tax revenues, which go to the foreign government.

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