Question: Answer this question. Question 11 4 pts A small open economy [the home country] is considering imposing either a tariff or a quota on imports.

Answer this question.

Answer this question. Question 11 4 pts A small open economy [the

Question 11 4 pts A small open economy [the home country] is considering imposing either a tariff or a quota on imports. Suppose both alternatives are designed so as to create exactly the same level {or yol u me) of imports into the home country. Then as a result the welfare impact of these policies on the home country are C) All of these statements are correct C) The same as the government has created the same yolu me of imports. D The same if the owner of the quota rents is in the domestic country. {j The sa me. as these policies can never give a different outcome. Q The same as both policies result in the same home country producer surplus. C) The same as both policies result in the same home country consumer surplus. C) The same as both policies result in the same newr home country price [once the trade barrier is included}

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