With respect to tariffs and quotas

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Reference no: EM13893140

With respect to tariffs and quotas, it can generally be said that:

a. Tariffs and quotas are equivalent if import quota permits are auctioned off by the foreign sellers.

b. Tariffs are quotas equivalent if import quota permits are auctioned off by the domestic government that imposes the import quota.

c. All of the above.

d. None of the above.

Reference no: EM13893140

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