Which of the Following Parties Benefits from an Import Quota

question 218

Multiple Choice

Which of the following parties benefits from an import quota but not from a tariff?

• A) the domestic government
• B) domestic producers
• C) domestic consumers
• D) the person with the right to import the good
• E) the foreign government

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Definitions:

Producer

An individual or organization that creates goods or services for sale to consumers or other businesses.

Marketing Channel

A set of practices or activities necessary to transfer the ownership of goods, and to move goods from the point of production to the point of consumption.

Farmer's Market

A public marketplace where local farmers and artisans sell their produce, goods, and crafts directly to consumers.

Retailer

A business entity that sells goods or services directly to end consumers.