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A country's overall welfare effect of an import quota will come down to... a. Production market distortion consumption market distortion /- quota rents change in
A country's overall welfare effect of an import quota will come down to... a. Production market distortion consumption market distortion /- quota rents change in the terms of trade b. Change in the terms of trade - production market distortion - consumption market distortion c. Quota rents - the production market distortion change in the terms of trade d. The difference between consumer surplus and producer surplus e. Change in the terms of trade - production market distortion - consumption market distortion /- quota rents
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