The Cost of Lobbying for an Import Quota in a Perfectly

question 147

Multiple Choice

The cost of lobbying for an import quota in a perfectly competitive market

• A) increases the welfare loss of the quota.
• B) decreases the deadweight loss of the quota.
• C) shifts the supply curve of the good to the left.
• D) increases the consumer surplus.

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Definitions:

Starlight Tours

Alleged police practice of picking up Indigenous people and taking them to some location far away and leaving them there to get home on their own.

Indigenous People

Ethnic groups who are the original inhabitants of a given region, maintaining traditions or other aspects of an early culture that is associated with a given region.

Colourblindness

A visual deficiency where an individual's perception of colors is limited or distorted, or a metaphorical reference to an approach of ignoring racial and ethnic differences supposedly promoting equality.

Injustices

Situations or actions that violate principles of fairness, morality, or legally established rights, often leading to discrimination or oppression.