Who Benefits from an Import Quota on a Good

question 103

Multiple Choice

Who benefits from an import quota on a good?

• A) Foreign governments
• B) Domestic consumers of the good
• C) Foreign producers of the good
• D) Domestic producers of the good

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Definitions:

Geodemographic Segmentation

involves dividing a market into segments based on the geographical location and demographic characteristics of the consumers.

Psychographics

The study and classification of people based on their attitudes, aspirations, and other psychological criteria, primarily used in marketing.

Target Customers

A specific group of consumers at whom a company aims its products and services, identified by characteristics like age, gender, income, and interests.

Demographics

The statistical characteristics of human populations, such as age, gender, income, and education, used especially to identify consumer markets.