4446EconomicsMedium
The home country government can confiscate the revenue effect of an import quota if?
ABoth A and C
Bif quota licenses are given to domestic consumers of the good
Cquota licenses are given to foreign exporting companies
Dquota licenses are auctioned to the highest bidding importing company
Correct answer
D. quota licenses are auctioned to the highest bidding importing company
Explanation
The correct answer is quota licenses are auctioned to the highest bidding importing company.