Given That Quotas Benefit Producers,who Are Few in Number,at a Greater

question 62

Multiple Choice

Given that quotas benefit producers,who are few in number,at a greater expense to consumers,who are more in number,which of the following correctly explains why quotas are still in effect?

• A)Domestic consumers are better organized than domestic producers.
• B)Quotas reduce prices in domestic markets.
• C)The benefits of quotas are concentrated and visible while the costs are dispersed.
• D)When a quota is imposed by the importing country,it lowers prices in the global market.

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Definitions:

Deductive Arguments

Arguments where the conclusion is logically derived from general premises, intended to guarantee the conclusion's truth.

Smaller Sample

A subset of a population used in research or analysis that is less in number compared to the whole.

Larger Sample

In research, a bigger group of subjects selected for study, which can provide more reliable and generalizable results.

Reliable

Capable of being trusted or depended on; consistently good in quality or performance.