Which is the most accurate statement?
A) If most economists had to choose between a tariff and a quota,she or he would choose a tariff as the lesser of two evils.
B) Both tariffs and quotas are basically good for our economy because they keep out foreign imports.
C) Tariffs and quotas are equally bad for our economy.
D) Most economists prefer import quotas to tariffs.
Correct Answer:
Verified
Q166: Trade restrictions cause
A)higher prices.
B)economic inefficiency.
C)both higher prices
Q167: Statement I: The American economy has become
Q168: Q169: Which statement is false? Q170: Which is the most accurate statement? Q172: Compared to our trade deficit with Japan Q173: In 2009,our merchandise trade deficit with China Q174: Statement I: The Japanese market is completely Q175: Our trade deficit in 2009 was Q176: The ability of a country to produce
A)In general,Japanese firms are
A)Before the
A)the largest
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