A quota A. makes domestic consumers better off. B. makes both domestic producers and consumers better...
A quota
A.
makes domestic consumers better off.
B.
makes both domestic producers and consumers better off.
C.
makes everyone worse off.
D.
makes domestic producers better off.
Homework Answers
Answer : The answer is option D.
Because of quota the domestic price level rise. Domestic producers sell more of their own products at this high price level in the domestic country. As a result, domestic producers become better off whereas domestic consumers become worse off. Therefore, option D is correct.
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A.
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