Question: Red tape ultimately has the same effect as a tariff; that is , red tape: raises revenue for the government like tariffs. raises the price

Red tape ultimately has the same effect as a tariff; that is, red tape:
raises revenue for the government like tariffs.
raises the price of imports and thus increases imports.
reduces the quantity supplied by domestic sellers.
increases trade costs and thus raises the price of imports.
 Red tape ultimately has the same effect as a tariff; that

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