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(Figure: the Soybean Market) a Quota Generates a Protective Effect

Question 125

Multiple Choice

(Figure: The Soybean Market) A quota generates a protective effect just like a tariff. Using the graph, calculate the "equivalent import tariff" that would produce the same result as an import quota of 200 units. (Figure: The Soybean Market) A quota generates a protective effect just like a tariff. Using the graph, calculate the equivalent import tariff that would produce the same result as an import quota of 200 units. A) $1 B) $2 C) $3 D) $4


A) $1
B) $2
C) $3
D) $4

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