Both Import Quotas and VERs Benefit ___________ by Limiting Import

question 22

Multiple Choice

Both import quotas and VERs benefit ___________ by limiting import competition,but they result in higher prices,which hurts __________.

• A) domestic producers; consumers
• B) governments; consumers
• C) consumers; foreign producers
• D) foreign producers; governments
• E) balance of trade; consumers

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Definitions:

Points

Defined locations in space, often represented as coordinates in a geometric or algebraic context.

Linear Depreciation

A method of allocating the cost of a tangible asset over its useful life in a linear, or evenly spread, manner.

Depreciates

To decrease in value over time, typically used in reference to assets or property.

Bicycle

A human-powered, pedal-driven vehicle with two wheels attached to a frame, one behind the other.