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Economics
MEDIUM
ENGLISH
Economics
Economists suggest that an optimum tariff would be one which reduce imports to a point where___________?
A
Comparative advantage is achieved
Option A
B
Price elasticity of imports is unity and tariff revenue is maximized
Option B
C
import prices are the same as export prices
Option C
marginal social cost equals marginal social benefit
Correct answer
Correct answer: D
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