Tariffs and Quotas Tend to Be Similar in Their Domestic

question 29

Multiple Choice

Tariffs and quotas tend to be similar in their domestic welfare effects

• A) if quota licenses are given to foreigners.
• B) if quota license are auctioned.
• C) if quota licenses are given to domestic firms.
• D) Both B and C.

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Definitions:

Biceps Brachii

A muscle located in the upper arm responsible for bending the elbow and rotating the forearm.

External Oblique

A muscle located in the outer layer of the abdomen, responsible for rotating and flexing the trunk of the body.

Antagonist

A substance that acts against and blocks an action by attaching to and inhibiting the function of a receptor.

Prime Mover

The muscle responsible for most of the movement when a body movement is produced by a group of muscles.