Import quotas ________ the price of imported goods and ________ the quantity consumed in the country imposing the quota.
A) raise;increase
B) raise;decrease
C) lower;increase
D) lower;decrease
E) raise;do not change
Correct Answer:
Verified
Q79: Refer to the figure below to answer
Q80: Canada imports cars from Japan.If Canada imposes
Q81: An import quota directly restricts _ and
Q82: A tariff _ consumer surplus and an
Q83: Refer to the figure below to answer
Q85: Import quotas and tariffs both
A)decrease deadweight loss.
B)cause
Q86: A key difference between tariffs and import
Q87: A tariff on watches which are imported
Q88: An import quota is
A)a tariff that is
Q89: _ specifies the maximum quantity of a
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