Of the Following,who Gains with a Quota

question 109

Multiple Choice

Of the following,who gains with a quota?

• A) domestic buyers of the good or service
• B) the importer of the good or service
• C) the foreign exporter of the good or service
• D) the government of the importing nation
• E) the government of the exporting nation

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Definitions:

Government Deficit

The financial situation that occurs when a government's expenditures exceed its revenues within a specific time period, often leading to borrowing.

Jobless Recovery

A situation where the economy begins to recover from a recession, but the unemployment rate remains high or continues to increase.

Recognition Lag

Recognition Lag is the time delay between when an economic problem becomes apparent and when it is recognized by policymakers.

Stimulus Package

A collection of fiscal and monetary policies implemented by a government to stimulate a struggling economy.