Multiple Choice
Ceteris paribus,a tariff is:
A) superior to an import quota for Canadians because a tariff increases the profits of foreign producers
B) inferior to an import quota for Canadians because a tariff increases the profits of domestic producers
C) superior to an import quota for Canadians because a tariff generates revenue for the Canadian government
D) inferior to an import quota for Canadians because a tariff generates revenue for the Canadian government
E) the same as an import quota for Canadians because both are forms of trade protection
Correct Answer:

Verified
Correct Answer:
Verified
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