Compared to a tariff, an import quota, which restricts imports to the same amount as the tariff, ...

nakungth

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Compared to a tariff, an import quota, which restricts imports to the same amount as the tariff, ...

Compared to a tariff, an import quota, which restricts imports to the same amount as the tariff, will leave the country as a whole
A) worse off than a comparable tariff.
B) not as bad off as a comparable tariff.
C) about the same as a comparable tariff.
D) Any of the above can be true.

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Microeconomics

Edition: 8^th

Author: Pindyck

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LBCea

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