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Chako Chako
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8 years ago
The efficiency case made for free trade is that as trade distortions such as tariffs are dismantled and removed
A) deadweight losses for producers and consumers will decrease, hence decreasing national economic welfare.
B) government tariff revenue will decrease, and therefore national economic welfare will increase.
C) government tariff revenue will increase, hence increasing national economic welfare.
D) deadweight losses for producers and consumers will decrease, hence increasing national economic welfare.
E) government tariff revenue will decrease, and therefore national economic welfare will decrease.
Textbook 
International Economics: Theory and Policy

International Economics: Theory and Policy


Edition: 10th
Author:
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machukianmachukian
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#1
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8 years ago
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Chako Author
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#2
8 years ago
Good answer, thank you
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#3
7 years ago
Good luck
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