While import tariffs and import quotas can both be used to protect domestic producers, the import quota is the more effective policy when the policy goal is a. To protect domestic producers from declines in the world price b. To raise government revenue c. To protect producers from declines in domestic demand d. To minimize the inefficiency of the trade barrier
While import tariffs and import quotas can both be used to protect domestic producers, the import quota is the more effective policy when the policy goal is a. To protect domestic producers from declines in the world price b. To raise government revenue c. To protect producers from declines in domestic demand d. To minimize the inefficiency of the trade barrier
Microeconomics: Private and Public Choice (MindTap Course List)
16th Edition
ISBN:9781305506893
Author:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
Publisher:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
Chapter16: Gaining From International Trade
Section: Chapter Questions
Problem 6CQ
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Question
While import tariffs and import quotas can both be used to protect domestic producers, the import quota is the more effective policy when the policy goal is
a.
To protect domestic producers from declines in the world price
b.
To raise government revenue
c.
To protect producers from declines in domestic demand
d.
To minimize the inefficiency of the trade barrier
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