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Q. |
Tariffs and quotas on imports tend to involve larger sacrifices in national welfare than would occur under domestic subsidies. This is because, unlike domestic subsidies, import tariffs and quotas: |
A. | Permit less efficient home production |
B. | Distort choices for domestic consumers |
C. | Result in higher tax rates for domestic residents |
D. | Redistribute revenue from domestic producers to consumers |
Answer» B. Distort choices for domestic consumers |
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