MCQOPTIONS
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| 1. |
There is an improvement in the welfare of country only when the |
| A. | Positive effect of a tariff is lesser than its negative effect |
| B. | Positive effect is larger than its negative effect |
| C. | Positive effect of a tariff is equal to its negative effect |
| D. | None of the above |
| Answer» C. Positive effect of a tariff is equal to its negative effect | |