A. "Voluntary" limits on Canadian exports of hogs are better for the United States than U.S. tariffs placed on Canadian hog exports.
B. Tariffs and quotas differ in that tariffs work like a tax and therefore impose deadweight losses, whereas quotas do not impose deadweight losses.
C. Free trade benefits a country when it exports but harms it when it imports.
D. Free trade benefits a country both when it exports and when it imports.
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