Atrade quota on imports

(a) benefits domestic producers and hurts domestic consumers.
(b) benefits domestic consumers and hurts domestic producers.
(c) benefits both domestic producers and domestic consumers.
(d) hurts both domestic producers and domestic consumers.

(A) benefits domestic producers and hurts domestic consumers.

The reason for this is that when a quota is placed on imports the domestic producers face less competition, by putting a quota the supply of the product is artificially decreased, and because of this the producers can sell their goods for higher prices, as the supply curve is shifting to the left. This hurts the domestic consumers because now they have to pay higher prices.

Explanation:

the correct answer is economics is a game without winners or losers.

unlike sports or games economic is a game without losers or winner rather it is a game where everyone wins. parties of business doing businesses exchange money with each other and hence exchange is done on the basis of goods. one party takes the goods and other sales it so there is winner on both sides. each party values more highly the good it gets than the good it gives up. both sides exchange only because both intend to increase their value. so there is no concept of lose or win.