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If Australia Imposes a Tariff on a Good, Then

Question 21

Multiple Choice

If Australia imposes a tariff on a good, then


A) domestic consumption of the good decreases.
B) the government makes less revenue than it would have gained if it had imposed a quota.
C) foreign production of the good increases.
D) domestic production of the good decreases.
E) foreign consumption of the good decreases.

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