When a Country That Imports a Particular Good Imposes an Import

question 186

Multiple Choice

When a country that imports a particular good imposes an import quota on that good,

• A)consumer surplus increases and total surplus increases in the market for that good.
• B)consumer surplus increases and total surplus decreases in the market for that good.
• C)consumer surplus decreases and total surplus increases in the market for that good.
• D)consumer surplus decreases and total surplus decreases in the market for that good.

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Definitions:

Social Justice

A concept focusing on the fair distribution of wealth, opportunities, and privileges within a society.

Equitable Distribution

The fair and just allocation of resources or opportunities among a group of people.

Community

A group of people living in the same place or having a particular characteristic in common, often sharing a sense of belonging and mutual support.

Online Groups

Communities or assemblies of individuals who interact with each other via the Internet, often sharing a common interest or goal.