Tariffs and Quotas on Imports Tend to Involve Larger Sacrifices

question 57

Multiple Choice

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.

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