If Protective Import-Restricting Quota Are Imposed by a Country, All

question 280

Multiple Choice

If protective import-restricting quota are imposed by a country, all of the following groups benefit EXCEPT

• A) domestic producers in the affected industry.
• B) domestic consumers in the affected industry.
• C) employees of domestic producers in the affected industry.
• D) importers that are able to obtain the rights to sell imported items in the affected industry.

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Definitions:

Consumer Cooperative

A type of cooperative that is owned and operated by its members, with the aim of reducing costs and/or improving the quality of goods and services.

Farm Cooperative

A group of farmers who pool their resources in certain areas of activity, aiming to increase their economic power and secure their livelihoods.

Electric Power

The generation, transmission, and distribution of electricity for use in industrial, commercial, and residential settings.

Corporations

Legal entities that are separate and distinct from their owners, capable of owning property, suing and being sued.