eather the goverment 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

eather the goverment 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

Principles of Economics, 7th Edition (MindTap Course List)

7th Edition

ISBN:9781285165875

Author:N. Gregory Mankiw

Publisher:N. Gregory Mankiw

Chapter9: Application: International Trade

Section: Chapter Questions

Problem 7PA

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Question

weather the goverment 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

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