American apparel makers complain to Congress about competition from China. Congress decides to impose either a tariff

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American apparel makers complain to Congress about competition from China. Congress decides to impose either a tariff or a quota on apparel imports from China. Which policy would Chinese apparel manufacturers prefer?

a. Tariff.

b. Quota.

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Microeconomics Principles, Problems and Policies

ISBN: 978-1259450242

20th edition

Authors: Campbell R. McConnell, Stanley L. Brue, Sean Masaki Flynn

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Question Posted: Apr 24, 2018 03:02 AM

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American apparel makers complain to Congress about competition from China. Congress decides to impose either a tariff

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Answer b Quota Feedback Chinese apparel manufacturers would prefer a quota because it would generate ...View the full answer

Microeconomics Principles, Problems and Policies

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