Which of the Following Is Not Correct Concerning Quotas

question 117

Multiple Choice

Which of the following is not correct concerning quotas?

• A)The enactment of quotas rewards domestic producers with higher prices.
• B)The enactment of quotas creates opportunities for lobbyists to seek the perpetuation of quotas.
• C)Quotas on steel, textiles and apparel, and sugar have been in effect for several decades.
• D)Lobbying efforts by domestic producers and foreign exporters are vigorously fought by domestic consumers.
• E)The auctioning of quotas would reduce their attractiveness to foreign exporters.

---

Definitions:

Add Value

enhancing the worth of a product or service through additional features, improved quality, or enhanced delivery, making it more attractive to consumers.

Customer Service

Customer service encompasses the support and assistance companies offer to their customers before, during, and after a purchase to ensure a satisfying and helpful experience.

Distribution Network

A system of interconnected entities, including manufacturers, warehouses, and retailers, involved in delivering goods from production to the consumer.

Structure

The arrangement or organization of components and systems within a company or process.