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book Economic Analysis of Social Issues 1st Edition by Alan Grant cover

Economic Analysis of Social Issues 1st Edition by Alan Grant

Edition 1ISBN: 978-0134098371
book Economic Analysis of Social Issues 1st Edition by Alan Grant cover

Economic Analysis of Social Issues 1st Edition by Alan Grant

Edition 1ISBN: 978-0134098371
Exercise 13
The U.S. government determines that the number of avocados imported to the United States from other countries is severely affecting California avocado fanners. It decides to limit the number of foreign-grown avocados. Such a restriction is called a(n) ________.
A) Quota
B) Negative surplus
C) Import enhancement
D) Tariff
Explanation
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Quota is a limit set by the government o...

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Economic Analysis of Social Issues 1st Edition by Alan Grant
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