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.
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