American apparel makers complain to Congress about competition from China. Congress decides to impose either a tariff
Question:
American apparel makers complain to Congress about competition from China. Congress decides to impose either a tariff or a quota on apparel imports from China. Which policy would Chinese apparel manufacturers prefer?
a. Tariff.
b. Quota.
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Answer b Quota Feedback Chinese apparel manufacturers would prefer a quota because it would generate ...View the full answer
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Related Book For
Microeconomics Principles, Problems and Policies
ISBN: 978-1259450242
20th edition
Authors: Campbell R. McConnell, Stanley L. Brue, Sean Masaki Flynn
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