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NEW QUESTION: 1

A. Option C
B. Option B
C. Option A
D. Option D
Answer: B

NEW QUESTION: 2
Which statement is FALSE?
A. The welfare loss suffered by the importing country is generally greater with a quota than with an import tariff.
B. A VER has the same impact on the importing country as an import quota.
C. The welfare loss caused by an export subsidy is greater for a small country than for a large country.
Answer: C
Explanation:
A is true - The tax revenue that would be raised by the equivalent tariff is instead captured by foreign producers as quota rents.
B is also true - In both cases foreign producers capture all of the quota rents.
C is false - In the large country case, the world price declines as the large country increases exports. The decline in world prices implies that a part of the subsidy is transferred from large country to the foreign country.

NEW QUESTION: 3
Which function does a pre-sales Technical and Delivery Assessment (TDA) perform?
A. Prepares the customer's environment for a successful implementation after delivery
B. Reviews a configuration and/or proposal for IBM products and solutions prior to ordering
C. Provides worksheets for rack locations, clustering configuration information, and cable connections
D. Reviews the ability of the customer to implement the IBM storage solution prior to delivery
Answer: B