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An Import Quota Is Similar to a ________ in Its

Question 57

Multiple Choice

An import quota is similar to a ________ in its effect on imports, EXCEPT that an import quota ________.


A) tariff; does not generate revenue
B) tariff; generates revenue
C) subsidy; does not generate revenue
D) subsidy; generates revenue
E) tariff; does not result in an efficiency loss.

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