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Essentials of Economics 7th Edition by Gregory Mankiw
Edition 7ISBN: 978-1285165950Essentials of Economics 7th Edition by Gregory Mankiw
Edition 7ISBN: 978-1285165950 Exercise 19
The main difference between imposing a tariff and handing out licenses under an import quota is that a tariff increases
A) consumer surplus.
B) producer surplus.
C) international trade.
D) government revenue.
A) consumer surplus.
B) producer surplus.
C) international trade.
D) government revenue.
Explanation
Verified
Verified
Tariff refers to a tax imposed by a gove...
Essentials of Economics 7th Edition by Gregory Mankiw
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