Question

Assume voters pay nearly double the world price for a good because of a government-imposed quota. This premium equates to about $16 per person annually. However, the quota adds up to billions of dollars in benefits to the small number of producers of the good. As far as the import quota, the producers of the good are:

Answer 1

rationally informed

Step-by-step explanation:

Assume voters pay nearly double the world price for a good because of a government-imposed quota. This premium equates to about $16 per person annually. However, the quota adds up to billions of dollars in benefits to the small number of producers of the good. As far as the import quota, the producers of the good are RATIONALLY INFORMED