Multiple Choice
Tariffs and quotas tend to be similar in their domestic welfare effects
A) if quota licenses are given to foreigners.
B) if quota license are auctioned.
C) if quota licenses are given to domestic firms.
D) Both B and C.
Correct Answer:

Verified
Correct Answer:
Verified
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Q6: While tariff levels have been falling over
Q7: Quotas redistribute income from consumers to domestic
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Q18: A production subsidy combined with free trade<br>A)has
Q24: Voluntary export restraints and quotas are essentially
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