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Macroeconomics 20th Edition by Campbell McConnell ,Stanley Brue ,Sean Flynn
Edition 20ISBN: 978-0077660772Macroeconomics 20th Edition by Campbell McConnell ,Stanley Brue ,Sean Flynn
Edition 20ISBN: 978-0077660772 Exercise 10
American apparel makers complain to Congress about competition from China. Congress decides to impose either a tariff or a quota on apparel imports from China. Which policy would Chinese apparel manufacturers prefer?
A) Tariff.
B) Quota.
A) Tariff.
B) Quota.
Explanation
Verified
Verified
Hence, the correct answer is b. Quota.
O...
Macroeconomics 20th Edition by Campbell McConnell ,Stanley Brue ,Sean Flynn
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