Who benefit(s) from protectionism?
A) Consumers
B) Domestic producers
C) No one
D) Both consumers and domestic producers.
Correct Answer:
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Q23: In the opening of free trade,if world
Q24: In the short run,specific taxes on a
Q25: Suppose there are 100 firms each with
Q26: The excess burden of a tax is
A)the
Q27: Price controls
A)are always popular with consumers because
Q29: When prices drop in response to a
Q30: Suppose there are 100 firms each with
Q31: One example of Ricardian rent is
A)rent paid
Q32: Suppose there are 100 firms each with
Q33: Per-unit transaction costs
A)may cause the demand and
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