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Compared to a Tariff, an Import Quota, Which Restricts Imports

Question 139

Multiple Choice

Compared to a tariff, an import quota, which restricts imports to the same amount as the tariff, will leave the country as a whole:


A) worse off than a comparable tariff.
B) not as bad off as a comparable tariff.
C) about the same as a comparable tariff.
D) Any of the above can be true.

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