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Which of the Following Statements Is NOT Correct

Question 20

Multiple Choice

Which of the following statements is NOT correct?


A) Tariffs are likely to decrease world economic well-being.
B) Tariffs can increase, decrease, or leave unchanged the economic well-being if imposed by a large country.
C) Tariffs always decrease economic domestic well-being if imposed by a small country.
D) Tariffs hurt producers and help consumers in the country imposing the tariff.

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