Multiple Choice
Other things equal, a tariff is
A) superior to an import quota for Americans because a tariff increases the profits of foreign producers.
B) inferior to an import quota for Americans because a tariff increases the profits of domestic producers.
C) superior to an import quota for Americans because a tariff generates revenue for the U.S. Treasury.
D) inferior to an import quota for Americans because a tariff generates revenue for the U.S. Treasury.
Correct Answer:
Verified
Correct Answer:
Verified
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