________ are profits that accrue to whomever has the right to import the good that is restricted by the quota?
Correct answer: B. quota rents
- A. quota license
- B. quota rents
- C. quota prices
- D. None of the above
Explanation
Quota rents are the extra profits created when a quota makes the domestic price higher than the foreign price. They accrue to whoever holds the right to import the restricted good.
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