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Rank the given in ascending order of home welfare

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Reference no: EM131478932

Question: Rank the following in ascending order of Home welfare and justify your answers. If two items are equivalent, indicate this accordingly.

a. Tariff of t in a small country corresponding to the quantity of imports M

b. Quota with the same imports M in a small country, with quota licenses distributed to Home firms and no rent seeking

c. Quota of M in a small country with quota licenses auctioned to Home firms

d. Quota of M in a small country with the quota given to the exporting firms

e. Quota of M in a small country with quota licenses distributed to rent-seeking Home firms.

Reference no: EM131478932

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