📊 International Economics
Q. Compared to an import quota, an equivalent tariff may provide a less certain amount of protection for home producers since:
  • (A) A tariff has no deadweight loss in terms of production and consumption
  • (B) Foreign firms may absorb the tariff by offering exports at lower prices
  • (C) Tariffs are effective only if home demand is perfectly elastic
  • (D) Quotas do not result in increases in the price of the imported good
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✅ Correct Answer: (D) Quotas do not result in increases in the price of the imported good

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