Tariffs _ the domestic price of the good and import quotas _ the domestic price of the good.
A) lower; raise
B) lower; lower
C) raise; lower
D) raise; raise
Correct Answer:
Verified
Q66: A tariff is
A) a government imposed limit
Q83: The effect of an import quota is
Q84: An import quota specifies the
A) maximum quantity
Q85: Import quotas _ the price of imported
Q87: If a government imposes a quota on
Q89: An import quota specifies the
A) maximum amount
Q90: Import quotas
A) are a tax on an
Q91: A key difference between a quota and
Q92: An import quota is a
A) law that
Q93: Economists usually agree with which of the
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