12. Government prefers to reduce imports with a tariff instead of a quota depends on whether A. imports are completely eliminated B. consumer demand is elastic. c. the demand curve is downward sloping D. barriers prevent new firms from entering E. production costs are.constant. Thanks
12. Government prefers to reduce imports with a tariff instead of a quota depends on whether A. imports are completely eliminated B. consumer demand is elastic. c. the demand curve is downward sloping D. barriers prevent new firms from entering E. production costs are.constant. Thanks
Essentials of Economics (MindTap Course List)
8th Edition
ISBN:9781337091992
Author:N. Gregory Mankiw
Publisher:N. Gregory Mankiw
Chapter9: Application: International Trade
Section: Chapter Questions
Problem 6CQQ
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12. Government prefers to reduce imports with a tariff instead of a quota depends on whether
A. imports are completely eliminated
B. consumer
c. the demand curve is downward sloping
D. barriers prevent new firms from entering
E. production costs are.constant.
Thanks
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