
Tariffs and quotas on imports tend to involve larger sacrifices in national welfare than would occur under domestic subsidies.This is because,unlike domestic subsidies,import tariffs and quotas:
A) Permit less efficient home production
B) Distort choices for domestic consumers
C) Result in higher tax rates for domestic residents
D) Redistribute revenue from domestic producers to consumers
Correct Answer:
Verified
Q1: Suppose the United States and Japan enter
Q3: The imposition of a tariff on imported
Q4: If a tariff and an import quota
Q5: Concerning the restrictive impact of an import
Q6: Suppose the government grants a subsidy to
Q7: Compared to an import quota,an equivalent tariff
Q8: The U.S.-Japaneses agreement in 1981 to limit
Q9: Empirical studies show that because voluntary export
Q10: A producer successfully practicing international dumping would
Q11: The United Auto Workers union attempted to
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