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If Protective Import-Restricting Tariff Are Imposed by a Country, in the Majority

Question 44

Multiple Choice

If protective import-restricting tariff are imposed by a country, in the majority of cases that nation's consumers end up


A) paying a lower price and consuming more of the good than they otherwise would.
B) paying a lower price and consuming less of the good than they otherwise would.
C) paying a higher price and consuming less of the good than they otherwise would.
D) paying a higher price and consuming more of the good than they otherwise would.

Correct Answer:

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