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 a tariff increases

a. consumer surplus.

b. producer surplus.

c. international trade.

d. government revenue.

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Principles Of Microeconomics

ISBN: 9781305081673

7th Edition

Authors: N Gregory Mankiw

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Question Posted: Nov 02, 2024 05:00 AM

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

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Principles Of Microeconomics

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