Which Pair of Groups Benefits from an Import Quota When

question 8

Multiple Choice

Which pair of groups benefits from an import quota when quota rights are given away without charge?

• A)domestic and foreign producers
• B)domestic producers and foreign consumers
• C)domestic government and foreign consumers
• D)domestic government and producers
• E)foreign consumers and producers

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Definitions:

Canada Customs

The federal agency responsible for regulating goods that enter or leave Canada, ensuring compliance with customs regulations.

Tokyo Stock Exchange

The primary stock exchange in Japan, one of the largest in the world by market capitalization, where stocks of publicly held companies are issued and traded.

Exchange Rate

The conversion rate of one currency to another.

Weakens

Becomes less strong or potent; in economic terms, can refer to a currency's decrease in value relative to others.