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vellojo vellojo
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7 years ago
A key difference between a quota and a tariff is that
A) the government of the importing country gains revenue from a tariff, but the price gap caused by a quota benefits domestic importers.
B) a quota has a larger effect on quantity than on price.
C) a tariff has a larger effect on quantity than on price.
D) All of the above answers are correct.
Textbook 
Foundations of Macroeconomics

Foundations of Macroeconomics


Edition: 8th
Authors:
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Studying economics @ Edinburgh U
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yaderayadera
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7 years ago
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vellojo Author
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#2
7 years ago
Thank you for this

Comes at the right time too!

Good luck on your exams
Studying economics @ Edinburgh U
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