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In 2006, the European Union (EU) threatened to ban imports of long-grain rice because traces of ...

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In 2006, the European Union (EU) threatened to ban imports of long-grain rice because traces of ...

In 2006, the European Union (EU) threatened to ban imports of long-grain rice because traces of genetically modified rice were found mixed in to commercial supplies. Instead of a ban, suppose the EU placed a tariff on the import of long-grain rice. Which of the following would be an outcome of this tariff?
A) The social loss would decrease
B) European rice producers would decrease production
C) The price of long-grain rice in the EU would be higher with a tariff than if rice imports were completely banned
D) The EU would gain tariff revenue

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Foundations of Macroeconomics

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Authors: Bade, Parkin

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Studying economics @ Edinburgh U

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vellojo Author

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7 years ago

Thank you for this

Comes at the right time too!

Good luck on your exams

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Studying economics @ Edinburgh U

ukrania

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Welcome

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