If Protective Import-Restricting Quota Are Imposed by a Country, All

question 280

Multiple Choice

If protective import-restricting quota are imposed by a country, all of the following groups benefit EXCEPT

• A) domestic producers in the affected industry.
• B) domestic consumers in the affected industry.
• C) employees of domestic producers in the affected industry.
• D) importers that are able to obtain the rights to sell imported items in the affected industry.

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Definitions:

Religious Schools

Educational institutions that are affiliated with or run by religious organizations, often providing education based on the beliefs of that specific religion.

Precedent

Precedent refers to a previous legal decision or case that is used as an example or guide for deciding similar future cases, thereby providing a degree of predictability and stability in the law.

Supreme Court

The Supreme Court is the highest federal court in the United States and has the ultimate appellate jurisdiction over all federal and state court cases involving issues of federal law.

Market Economics

An economic system based on supply and demand with little or no government control, where prices are determined freely by the market.