Which of the Following Is Not Correct About Quotas

question 16

Multiple Choice

Which of the following is not correct about quotas?

• A)The imposition of quotas rewards domestic producers with higher prices.
• B)The imposition of quotas creates opportunities for lobbyists to seek the perpetuation of quotas.
• C)Quotas on steel,textiles and apparel,and sugar have been in effect for several decades.
• D)Lobbying efforts by domestic producers and foreign exporters are vigorously fought by domestic consumers.
• E)The auctioning off of quotas to foreign producers would increase federal revenue.

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