The main difference between imposing a tariff and handing out licenses under an import quota is that

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The main difference between imposing a tariff and handing out licenses 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 [Australia And New Zealand Edition]

ISBN: 9781337408066

6th Edition

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

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