Management Notes

Reference Notes for Management

If import licenses are auctioned off to domestic importers in a competitive market their scarcity value (revenue effect) accrues to:

If import licenses are auctioned off to domestic importers in a competitive market their scarcity value (revenue effect) accrues to

If import licenses are auctioned off to domestic importers in a competitive market their scarcity value (revenue effect) accrues to:

 Options:

a. foreign corporations
b. foreign workers
c. domestic corporations
d. the domestic government

The Correct Answer Is:

  • d. the domestic government

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