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

Question 267

Multiple Choice

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


A) paying a higher price for the good than they otherwise would.
B) paying a lower price for the good than they otherwise would.
C) consuming more of the good than they otherwise would.
D) having a higher standard of living than they otherwise would.

Correct Answer:

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