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Subject - Economics:

Macroeconomics

MCQ - 80-4090

Question:

Which of the following is a predictable consequence of import quotas?

  1. Increased competition and lower consumer prices
  2. Increased government tax revenue from imported goods
  3. Rising net exports and a rightward shift in aggregate supply
  4. Increased government tax revenue from imported goods
  5. Higher consumer prices and a misallocation of resources away from efficient producers

Correct Answer: E

Explanation:

Quotas do not raise money for the domestic government, but they do increase prices and protect inefficient domestic producers, drawing resources away from efficient foreign producers.

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269 MCQ for effective preparation of the test of Macroeconomics of Economics section.

Read the MCQ statement: Which of the following is a predictable consequence of import quotas? , keenly and apply the method you have learn through the video lessons for Macroeconomics to give the answer. Record your answer and check its correct answer and video explanation for MCQ No. 80-4090.

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