Multiple Choice
Which type of policy instrument raises the most revenue for the government?
A) Voluntary export restraints
B) A tariff
C) A quota
D) If they are set at the same level, all of the above raise the same amount of revenue.
E) None of the above answers is correct because none of the policy instruments raises revenue for the government.
Correct Answer:

Verified
Correct Answer:
Verified
Q18: Since the early 2000s, the average Australian
Q19: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB7671/.jpg" alt=" -International trade is
Q20: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB7671/.jpg" alt=" -The above figure
Q21: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB7671/.jpg" alt=" -The above figure
Q22: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB7671/.jpg" alt=" -When a country
Q24: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB7671/.jpg" alt=" -The figure above
Q25: If Australia imposes a tariff on foreign
Q26: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB7671/.jpg" alt=" -The figure above
Q27: Economists argue for free trade in export
Q28: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB7671/.jpg" alt=" -The above figure