Many trade instruments protect domestic producers at the expense of consumers. Which of the following DOES NOT essentially end up costing consumers more in taxes or higher prices: a. Tariff b. Import quota c. Subsidy d. All of the above e. None of the above
Many trade instruments protect domestic producers at the expense of consumers. Which of the following DOES NOT essentially end up costing consumers more in taxes or higher prices: a. Tariff b. Import quota c. Subsidy d. All of the above e. None of the above
Chapter21: International Trade
Section: Chapter Questions
Problem 6QP
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1. Many trade instruments protect domestic producers at the expense of consumers. Which of the following DOES NOT essentially end up costing consumers more in taxes or higher prices:
a. Tariff
b. Import quota
c. Subsidy
d. All of the above
e. None of the above
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