A Quota on Imported Avocadoes ______________ the Price of Avocadoes,_____________

question 98

Multiple Choice

A quota on imported avocadoes ______________ the price of avocadoes,_____________ consumers' surplus for avocado buyers,_______________ producers' surplus of avocado growers and __________________ tariff revenue.Because the loss to _____________ is more than the gain to ___________________,there is a net loss to society.

• A) raises; increases; decreases; generates; producers; consumers and government
• B) lowers; increases; decreases; does not generate; producers; consumers
• C) raises; increases; decreases; does not generate;consumers; producers and importers
• D) raises; decreases; increases; generates; consumers; producers and government

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Definitions:

Canada

A country in North America known for its vast landscapes, multicultural diversity, and as a member of the Commonwealth with a federal parliamentary democracy.

Life Expectancy

The average period that a person may expect to live, often influenced by factors like genetics, lifestyle, and environment.

Population

The total number of people inhabiting a particular area or country, including their demographics, distribution, and density.

Infant Mortality Rate

The statistical measure of the number of deaths of infants under one year of age per 1,000 live births.