Which of the Following Groups Would NOT Benefit from an EU

question 60

Multiple Choice

Which of the following groups would NOT benefit from an EU import quota on Japanese cars?

• A) EU consumers who buy electronics from Japan.
• B) EU farmers who export grain.
• C) Employees of EU car manufacturers.
• D) Shareholders of German carmaker BMW.

---

Definitions:

Mark-up

Elevating the base cost of merchandise to reimburse for overhead activities and profit.

Markdown

A reduction from the original price of an item to increase its attractiveness to buyers.

Overhead

The ongoing business expenses not directly attributed to creating a product or service.

Operating Profit

The profit earned from a firm's normal business operations, excluding deductions of taxes and interest.