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    Principles of Microeconomics Study Set 4
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    Exam 17: International Trade
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    The Most Likely Effects of Tariffs And/or Quotas Is to _______
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The Most Likely Effects of Tariffs And/or Quotas Is to _______

Question 150

Question 150

Multiple Choice

The most likely effects of tariffs and/or quotas is to _______ prices and to _______ consumption of the protected goods in the importing country.


A) raise; raise
B) raise; lower
C) lower; raise
D) lower; lower

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