Suppose Canada has a voluntary export restraint for lumber going to the U.S. Who captures the quota rents? O U.S. lumber producers O U.S. consumers The U.S. government O Canadian lumber producers

Economics: Private and Public Choice (MindTap Course List)
16th Edition
ISBN:9781305506725
Author:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
Publisher:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
Chapter6: The Economics Of Political Action
Section: Chapter Questions
Problem 15CQ
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Suppose Canada has a voluntary export restraint for lumber going to the U.S.
Who captures the quota rents?
O U.S. lumber producers
O U.S. consumers
O The U.S. government
O Canadian lumber producers
Transcribed Image Text:Suppose Canada has a voluntary export restraint for lumber going to the U.S. Who captures the quota rents? O U.S. lumber producers O U.S. consumers O The U.S. government O Canadian lumber producers
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