Which of the Following Would Result from a Quota Imposed

question 95

Multiple Choice

Which of the following would result from a quota imposed on the quantity of cars that can be imported into the U.S.?

• A)an increase in the total surplus
• B)an increase in producer surplus
• C)Consumers will pay higher prices.
• D)an increase in consumer surplus

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Definitions:

Punishable

Describes an action or behavior subject to penalties or legal sanctions.

Second-degree Felony

A category of offense that is less severe than a first-degree felony but more severe than a third-degree felony, often involving significant harm or risk but with factors that mitigate the offender's culpability.

Imprisonment

The act of confining someone in a prison as a punishment for crimes they have been convicted of.

Punishable

Describing an action or offense that can be penalized by law, typically through fines, imprisonment, or other legal sanctions.