When a Quota/trade Barrier Is Instituted,the Loss of Domestic Consumer

question 43

Multiple Choice

When a quota/trade barrier is instituted,the loss of domestic consumer surplus may be transferred to all of the following except

• A)foreign consumers.
• B)domestic producers.
• C)foreign producers.
• D)consumers of other domestic products.

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Definitions:

Lymphatic Vessels

Part of the lymphatic system, these vessels carry lymph fluid throughout the body, aiding in the removal of toxins and waste.

Digestive Tract

The series of hollow organs joined in a long, twisting tube from the mouth to the anus, where digestion and absorption of food occurs.

Lipids Absorption

The process by which lipids are taken up from the digestive tract into the bloodstream or lymphatic system for use or storage in the body.

Lymphatic System

Part of the immune system, comprising a network of lymphatic vessels that carry a clear fluid called lymph towards the heart.