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:

Primary Alkane

Alkanes where the carbon atoms are connected in a straight chain without any branches.

Gasoline

A volatile, flammable liquid made from crude oil or petroleum, used primarily as fuel in internal combustion engines.

Branched Alkane

Hydrocarbons featuring a tree-like structure, where carbon chains deviate from a straight chain due to side chains.

London Force

Weak, temporary van der Waals forces arising from the instantaneous polarization of molecules due to the movement of electrons.