An Import Quota Increases Domestic Producer Surplus and the Surplus

question 6

True/False

An import quota increases domestic producer surplus and the surplus of import licence holders, reduces domestic consumer surplus, and creates deadweight loss.

---

Definitions:

Ross Perot

An American businessman and politician known for his two independent presidential campaigns in 1992 and 1996, focusing on fiscal responsibility and political reform.

Presidential Election

The process by which the President of the United States is selected, involving nationwide popular votes and the Electoral College.

New Deal Coalition

The broad alliance of different social and political groups that supported the New Deal policies of President Franklin D. Roosevelt in the 1930s and beyond.

Asian Americans

Americans of Asian descent, representing a diverse group of cultures, traditions, and histories.