Multiple Choice
In an inflationary environment,then over time
A) an import quota would raise more revenue than a specific tariff.
B) a tariff quota will tend to raise more revenue than a specific tariff.
C) a specific tariff will tend to raise more revenue than an ad valorem tariff.
D) an ad valorem tariff will tend to raise more revenue than a specific tariff.
E) an optimum tariff will tend to raise more revenue than an escalating tariff.
Correct Answer:

Verified
Correct Answer:
Verified
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