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

---

Definitions:

Net Income

The total earnings of a company after all expenses and taxes have been deducted from total revenue, often referred to as the bottom line.

Accounts Receivable

Money owed to a company by its customers for products or services that have been delivered but not yet paid for.

Indirect Method

A method of reporting cash flows from operating activities where net income is adjusted for changes in balance sheet accounts to arrive at cash provided by or used in operating activities.

Net Income

The total profit of a company after all expenses and taxes have been deducted from total revenue, indicating the actual profit earned.