Both import quotas and VERs benefit ___________ by limiting import competition,but they result in higher prices,which hurts __________.

Question

Quizplus · Accepted Answer

Import quotas and VERs limit the amount of competing imports, which benefits domestic producers as they face less competition. However, these restrictions result in higher prices for consumers, ultimately hurting them. Therefore, the correct option is A, where domestic producers benefit at the expense of consumers.

Both Import Quotas and VERs Benefit ___________ by Limiting Import