18. Which of the following statements about import quotas is true? a. Import quotas are preferred to

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18. Which of the following statements about import quotas is true?

a. Import quotas are preferred to tariffs because they raise more revenue for the imposing government.

b. Voluntary quotas established by the exporting country generate no deadweight loss for the importing country. C. For every tariff, there is an import quota that could have generated a similar result.

d. An import quota reduces the price to the domestic consumers.

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Study Guide For N. Gregory Mankiw's Principles Of Microeconomics

ISBN: 9783030019983

5th Edition

Authors: David R. Hakes

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Question Posted: Nov 15, 2024 12:00 AM

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18. Which of the following statements about import quotas is true? a. Import quotas are preferred to

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Study Guide For N. Gregory Mankiw's Principles Of Microeconomics

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