One Impact of an Import Quota Is To

question 23

Multiple Choice

One impact of an import quota is to:

• A) decrease the price of the imported good for the consumer.
• B) increase the price of the domestic good for the consumer.
• C) redistribute income from domestic producers to domestic consumers.
• D) decrease the price received by foreign producers.

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Definitions:

Evidence

Evidence is any type of verifiable information, facts, or data that supports or refutes a claim, theory, or belief, used to establish truths in various contexts.

Objectivity

The practice of maintaining impartiality and neutrality, avoiding personal bias in judgment or analysis.

Positive Relationships

Connections between individuals or groups characterized by mutual respect, cooperation, and positive outcomes.

Stakeholders

Individuals or groups interested in or affected by the outcome of a project, decision, or policy, including but not limited to, employees, customers, and investors.