Which Pair of Groups Benefits from an Import Quota When

question 8

Multiple Choice

Which pair of groups benefits from an import quota when quota rights are given away without charge?

• A)domestic and foreign producers
• B)domestic producers and foreign consumers
• C)domestic government and foreign consumers
• D)domestic government and producers
• E)foreign consumers and producers

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Definitions:

Economic Self-Interest

The motivation driving individuals or entities to act in a way that is most beneficial to their financial and material well-being.

American Republic

Refers to the United States of America, a democratic republic where the power is held by the people and the elected representatives, with an elected president rather than a monarch.

Town Elementary Schools

Public primary schools typically found in urban settings, focused on providing basic education in reading, writing, and arithmetic.