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    Macroeconomics Principles Study Set 1
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    Exam 15: International Trade
  5. Question
    When a Tariff or a Quota Is Imposed on an Import
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When a Tariff or a Quota Is Imposed on an Import

Question 101

Question 101

True/False

When a tariff or a quota is imposed on an import, the domestic industry benefits from higher prices and increased output.

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