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Business, 21.03.2020 02:08 bre644

Which of the following statements regarding the effects of a tariff, quota, and subsidy are correct? Check all that apply. A subsidy involves smaller sacrifices in national welfare than occur under an equivalent tariff or quota. The direct cost of the subsidy is borne by foreign producers. Tariffs and quotas distort choices for domestic consumers and cause less efficient home production. A subsidy yields the same result for domestic producers as does an equivalent tariff or quota, but at a higher cost.

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Which of the following statements regarding the effects of a tariff, quota, and subsidy are correct?...

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