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If the Multifiber Agreement Had Used Tariffs Instead of Quotas

Question 160

Multiple Choice

If the Multifiber Agreement had used tariffs instead of quotas,


A) consumer surplus would have been higher.
B) the deadweight loss for the United States would have been lower.
C) textile prices would have been lower.
D) apparel sales would have been higher.
E) government revenue would have been reduced.

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