Tariffs tend to restrict competition much more than quotas by helping importers and exporters to acquire monopoly power. B. If import quotas are allocated only to a few importers, they may not enable them to amass
Tariffs tend to restrict competition much more than quotas by helping importers and exporters to acquire monopoly power. B. If import quotas are allocated only to a few importers, they may not enable them to amass
Principles of Macroeconomics (MindTap Course List)
7th Edition
ISBN:9781285165912
Author:N. Gregory Mankiw
Publisher:N. Gregory Mankiw
Chapter9: Application: International Trade
Section: Chapter Questions
Problem 1QCMC
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Question
A. Tariffs tend to restrict competition much more than quotas by helping importers and exporters to acquire
B. If import quotas are allocated only to a few importers, they may not enable them to amass
fortunes by exploiting the market.
- Both A & B is True
- A is False, B is True
- A is True, B is False
- Both A & B is False
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