Gains from trade means that all trading nations must be made better off

Indicate whether the statement is true or false

F

Economics

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A quota is one example of a protectionist policy.

a. true b. false

Economics

When a tax is imposed on an item, it can generally be said that the incidence of the tax is

a. entirely on the buyer. b. entirely on the seller. c. on both the buyer and seller. d. not determined in this manner.

Economics