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:

Natural Disaster

A sudden and extreme event in nature that causes significant damage or loss of life, such as an earthquake, flood, hurricane, or tornado.

Confraternities

Organizations, often religious in nature, formed for the purpose of promoting specific causes, engaging in community service, or participating in prayer and worship activities.

Laypeople

refers to members of a religious faith who are not ordained clergy but are still integral to the community's spiritual life and practices.

Religious Observance

The act of practicing or participating in actions and rituals associated with a particular religion or faith tradition.