6 The main difference between imposing a tariff and handing out licences under an import quota is...

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6 The main difference between imposing a tariff and handing out licences under an import quota is that it is only under a tariff that a consumer surplus increases.

b producer surplus increases.

c international trade increases.

d government revenue increases

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Principles Of Microeconomics

ISBN: 125206

8th Edition

Authors: Joshua Gans, Stephen King, Martin Byford, N Gregory Mankiw

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Question Posted: Nov 04, 2024 06:00 AM

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6 The main difference between imposing a tariff and handing out licences under an import quota is...

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Principles Of Microeconomics

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