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A. import quotas are an efficient way to redistribute income
B. each job saved is worth less than the cost imposed on consumers
C. tarrifs are an efficient way to redistribute income to disadvantaged groups

2006-12-14 17:48:03 · 1 answers · asked by Tim N 1 in Social Science Economics

1 answers

A and C are obviously wrong so the correct answer is B. However lacking any information about the calculation on the savings or what is meant by worth of job, saying this is true requires a leap of faith. In a perfectly competitive market model it is true, but we do not have perfectly competitive markets.

2006-12-14 22:30:43 · answer #1 · answered by meg 7 · 1 0

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