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Unformatted text preview: a. A. b. B. c. C d. D 3. Import quotas and tariffs have each of the following in common EXCEPT a. total surplus falls. b. deadweight losses occur. c. producer surplus increases. d. revenue to government is raised. Quiz4 Answer Section MULTIPLE CHOICE 1. ANS: A DIF: 3 REF: SECTION: 1 OBJ: TYPE: M 2. ANS: D DIF: 2 REF: SECTION: 2 OBJ: TYPE: M 3. ANS: D DIF: 2 REF: SECTION: 2 OBJ: TYPE: M...
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- Spring '08
- International Trade, economic surplus, total surplus, Dr. Antonio Saravia, surplus falls. b.