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Author Question: An increase in domestic demand for a product protected by a quota results in an increase in producer ... (Read 44 times)

appyboo

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on: Jun 30, 2018
An increase in domestic demand for a product protected by a quota results in an increase in producer surplus for domestic firms, while for a tariff it would result in more imports.
 
  Indicate whether the statement is true or false

Question 2

Which of the following is NOT a true statement?
 
  A) India can easily relocate workers from the country to the city.
  B) India would raise income faster if it moved workers from agriculture to manufacturing.
  C) High agricultural tariffs in India protect rural workers.
  D) India has low tariffs in manufacturing.
International Economics ¦ Gerber ¦ 6th Edition
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DylanD1323

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Reply #1 on: Jun 30, 2018
Answer to Question 1

TRUE

Answer to Question 2

A


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