Multiple Choice
In the case of a small country,consumer surplus
A) decreases less with a tariff than with an equivalent quota.
B) decreases less with a quota than with an equivalent tariff.
C) is not changed by tariffs or quotas.
D) decreases the same with tariffs and equivalent quotas.
E) increases more with quotas.
Correct Answer:
Verified
Correct Answer:
Verified
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