With respect to tariffs and quotas it can generally be said, Business Economics

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With respect to tariffs and quotas it can generally be said

With respect to tariffs and quotas, it can generally be said that:

a. Tariffs and quotas are equivalent if import quota permits are auctioned off by the foreign sellers.

b. Tariffs are quotas equivalent if import quota permits are auctioned off by the domestic government that imposes the import quota.

c. All of the above.

d. None of the above.

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Business Economics: With respect to tariffs and quotas it can generally be said

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Business Economics: With respect to tariffs and quotas it can generally be said

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