Which of the following is (are) true? a. An import quota raises the domestic price, while a

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Which of the following is (are) true?

a. An import quota raises the domestic price, while a tariff does not.

b. A tariff reduces the quantity of imports, while an import quota does not.

c. A tariff raises revenue for the government.

d. An import quota benefits the foreign producer who is lucky enough to receive an import license.

e. Both

(c) and

(d) are true.

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