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Which statement is correct about prohibitive tariff a. Prohibitive tariff cannot completely eliminate imports from foreign country b. It is not the most extreme form

Which statement is correct about prohibitive tariff

a. Prohibitive tariff cannot completely eliminate imports from foreign country

b. It is not the most extreme form of protective tariff

c. Prohibitive tariff would increase welfare if the tariff imposing country is a small open economy

d. In a 2-goods and 2-country model, prohibitive tariff would eliminate both exports and imports

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