The Two Groups That Benefit the Most from Quotas Are

question 159

Multiple Choice

The two groups that benefit the most from quotas are

• A) the importers who have the right to import the restricted good and the domestic producers of the restricted good.
• B) the domestic consumers of the restricted good and the domestic producers of the restricted good.
• C) the domestic consumers of the restricted good and the foreign producers of the restricted good.
• D) the importers who have the right to import the restricted good and the domestic consumers of the restricted good.

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Definitions:

Accounting Estimate

An approximation of a financial statement element, item, or account in the absence of exact data.

Prospective Approach

A method of accounting that applies new standards or changes in accounting policy to transactions occurring after the date of the change or standard implementation.

Debit

An entry on the left side of an account, representing an increase in assets or expenses, or a decrease in liabilities, equity, or revenue.

Increase

An uptick or rise in a statistical value or quantity.