Multiple Choice
Which of the following is false?
A) An import quota does not generate government revenue.
B) Tariffs on imports generate government revenue as long as the domestic price is larger than the world price plus the tariff.
C) Tariffs on imports do not generate government revenue if the domestic price is larger than the world price plus the tariff.
D) Tariffs on imports generate revenue for the government.
Correct Answer:
Verified
Correct Answer:
Verified
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