The Effects of a Quota Include

question 141

Multiple Choice

The effects of a quota include:

• A)decreasing consumers' surplus.
• B)decreasing total revenue for the importers who sell the allowed number of imported units.
• C)decreasing producers' surplus.
• D)increasing consumers' surplus.

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Definitions:

Health Professions Act

Legislation designed to regulate the practice of health professions, protect public interest, and ensure competent and ethical practice among health professionals.

Anonymous Letter

A letter sent without disclosing the identity of the sender.

Agency Policy

A set of principles and guidelines formulated by an organization to inform and direct decisions and actions.