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Australia Unit 9 Flashcards | StudBud
Australia Unit 9
1 / 25
Which statement BEST reflects the difference between tariffs and quotas?
A
Tariffs raise prices on exports, while quotas set limits on exports.
B
Tariffs set limits on exports, while quotas raise prices on imports.
C
Tariffs set limits on imports, while quotas raise prices on exports.
D
Tariffs raise prices on imports, while quotas set limits on imports.
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