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When a Tariff Is Imposed on a Good,the Difference Between

Question 39

Multiple Choice

When a tariff is imposed on a good,the difference between the world price and the domestic price goes to _________,but when a quota limits the importation of the good,the difference between the world price and the domestic price goes to ________.


A) the government;private individuals or firms
B) the government;the government
C) the government;the market
D) private individuals or firms;the government
E) private individuals or firms;private individuals or firms

Correct Answer:

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