An Import Quota Does Which of the Following

question 98

Multiple Choice

An import quota does which of the following?

• A)Decreases the price of the imported good to the consumer.
• B)Increases the price of the domestic good to the consumer.
• C)Redistributes income from the domestic producer to the protected domestic exporter.
• D)Decreases the price received by the foreign producer.
• E)An import quota does all of these things.

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