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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Definitions:

Consumptions

The process of using up goods and services to satisfy individual or collective needs or desires, often analyzed in economic contexts.

Apples

A fruit from the Malus domestica tree, known for its sweet taste and variety, commonly consumed worldwide and used in numerous culinary dishes.

Oranges

Citrus fruits known for their juicy segments and sweet to tart flavor, rich in Vitamin C and used in both culinary and non-culinary contexts.

Spaghetti Consumption

The amount of spaghetti consumed over a certain period, often used to measure food consumption patterns or preferences.