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
Principles of Economics 2e
2nd Edition
ISBN:9781947172364
Author:Steven A. Greenlaw; David Shapiro
Publisher:Steven A. Greenlaw; David Shapiro
Chapter34: Globalization And Protectionism
Section: Chapter Questions
Problem 47CTQ: Why might the unsafe consumer products argument be a more effective strategy (from the perspective...
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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
a. Tariff
b. Import quota
c. Subsidy
d. All of the above
e. None of the above
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