Compared to an import quota, an equivalent tariff may provide a less certain amount of protection for home producers since
a. a tariff has no deadweight loss in terms of production and consumption.
b. foreign firms may absorb the tariff by offering exports at lower prices.
c. tariffs are effective only if home demand is perfectly elastic.
d. quotas do not result in increases in the price of the imported good.
b. foreign firms may absorb the tariff by offering exports at lower prices.
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Indicate whether the statement is true or false
In studies of equity theory, it has been found that more ______ societies have a preference for equality over equity.
A. egalitarian B. benevolent C. equity D. entitleds
Which of the following is true regarding the proprietary fund financial statements?
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What will be an ideal response?