An import quota directly restricts ________ and are designed to protect domestic ________.
A) exports;consumers only
B) exports;producers only
C) imports;consumers only
D) imports;producers only
E) imports;producers and consumers
Correct Answer:
Verified
Q76: A tariff is imposed on a good.This
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Q78: Tariffs
A)generate revenue for consumers.
B)generate revenue for the
Q79: Refer to the figure below to answer
Q80: Canada imports cars from Japan.If Canada imposes
Q82: A tariff _ consumer surplus and an
Q83: Refer to the figure below to answer
Q84: Import quotas _ the price of imported
Q85: Import quotas and tariffs both
A)decrease deadweight loss.
B)cause
Q86: A key difference between tariffs and import
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