Which of the Following Parties Benefits from an Import Quota

question 218

Multiple Choice

Which of the following parties benefits from an import quota but not from a tariff?

• A) the domestic government
• B) domestic producers
• C) domestic consumers
• D) the person with the right to import the good
• E) the foreign government

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Definitions:

Accrued Liabilities

Expenses that have been incurred but not yet paid, recognized on the balance sheet for accounting purposes.

Operating Activities

Activities directly related to the primary operations of a business, including production, sales, and delivery of services.

Net Cash Provided

The amount of cash generated by a company's operations after accounting for outflows and inflows.

Cash Account

An account that shows the amount of cash a company has on hand or in the bank.