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(Figure: the Soybean Market) Because There Is No Government Revenue

Question 142

Multiple Choice

(Figure: The Soybean Market) Because there is no government revenue as a result of the quota, one of the parties in the trade transaction makes a "return" equal to lost government revenue (P - MC) · Qimports. This is called: (Figure: The Soybean Market) Because there is no government revenue as a result of the quota, one of the parties in the trade transaction makes a return equal to lost government revenue (P - MC) · Q<sub>imports</sub>. This is called: A) a windfall profit. B) a quota rent. C) gains from trade. D) unearned income.


A) a windfall profit.
B) a quota rent.
C) gains from trade.
D) unearned income.

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