Protected partially by import tariffs and quotas


Rice production in Japan is protected partially by import tariffs and quotas. What is a consequence of this protection?

a. Decreased domestic price for rice

b. Decreased short-run employment in domestic rice production

c. Increased domestic price for rice

d. Increased volume of international rice trade

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Accounting Basics: Protected partially by import tariffs and quotas
Reference No:- TGS042831

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