Multiple Choice
Which of the following statements is true of import quotas?
A) They are the most straightforward denial of absolute or comparative advantage.
B) They are government payments to domestic firms.
C) They are rules stipulating that a certain proportion of the value of the goods made in one country must originate from that country.
D) They are bureaucratic rules that make it harder to import foreign goods.
Correct Answer:

Verified
Correct Answer:
Verified
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