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greylocust46Lv1
18 Aug 2020
In economic terms, tariffs are preferred to quotas because:
A) domestic manufacturers gain more producer surplus.
B) there is less loss of consumer surplus.
C) tariffs are easier to administer.
D) quotas create a greater production inefficiency.
E) given the way quotas are usually administered, tariffs cause a smaller net national welfare loss.
In economic terms, tariffs are preferred to quotas because:
A) domestic manufacturers gain more producer surplus.
B) there is less loss of consumer surplus.
C) tariffs are easier to administer.
D) quotas create a greater production inefficiency.
E) given the way quotas are usually administered, tariffs cause a smaller net national welfare loss.
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Raushan RajLv8
11 Sep 2020