Which of the following parties benefits from an import quota but not from a tariff?
A) the domestic government
B) domestic producers
C) domestic consumers
D) the person with the right to import the good
E) the foreign government

Question

Quizplus · Accepted Answer

An import quota benefits the person or entity with the right to import the good because it grants them a specific advantage or monopoly over the importation of that good, often allowing them to charge higher prices. In contrast, a tariff generates revenue for the domestic government through taxes on imported goods, but does not grant exclusive rights to any importer.

Which of the Following Parties Benefits from an Import Quota