The Windfall Price Increase of an Imported Good That Results

question 27

Multiple Choice

The windfall price increase of an imported good that results when a quota is imposed on that good accrues to

• A) consumers who benefit from the lower-priced domestic substitutes.
• B) no one, since only a tariff generates an explicit revenue stream.
• C) firms in the industry protected by the imposition of the quota.
• D) the government because it imposes the quota.
• E) the importer who is successful in getting a license to import the good.

---

Definitions:

Organizational Obligation

Duties or responsibilities that an organization is bound to perform or adhere to, often ethically or legally.

Society Interests

Collective concerns, objectives, or priorities that are considered beneficial for the community as a whole.

Organizational Mission

A statement that outlines an organization's purpose, identifying its scope of operations and guiding its strategic planning.

Market Strategy

A comprehensive plan that outlines how a business will reach potential consumers and turn them into customers of their products or services.