Econ 335

Cal state Fullerton

plan2287 .cengage.com/staticb/ui/evo/index.html?deploymentld=6077952477167327307199557953&eISBN=9780357518953&id= shortcuts... Mi Aaron Brothers Wall... Message Social Meda F American Freight |... Home | Saddleback. CENGAGE | MINDTAP Homework 4 (Ch 05) Back to Assignment Attempts Keep the Highest / 1 2. Comparing tariffs, quotas, and subsidies Which of the following statements regarding the effects of a tariff, quota, and subsidy are correct? Check all that apply. O The direct cost of the subsidy is borne by foreign producers. O A subsidy yields the same result for domestic producers as does an equivalent tariff or quota, but at a higher cost. Tariffs and quotas distort choices for domestic consumers and cause less efficient home production. A subsidy involves smaller sacrifices in national welfare than occur under an equivalent tariff or quota. Grade It Now Save & Continue Continue without saving