The difference between a tariff and a quota is that the
A) government collects more revenue by imposing a quota.
B) government collects no revenue by imposing a quota.
C) producer and consumer prices are equal when a tariff is imposed, but different when a quota is imposed.
D) producer and consumer prices are equal when a quota is imposed, but different when a tariff is imposed.
E) tariff is more effective at restricting imports.
Correct Answer:
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Q141: When the government imposes an import tariff,
Q142: Exhibit 30-2 Q143: If the world price of a good Q144: Which of the following statements about trade Q145: Exhibit 30-1 Q147: A country is willing to export a Q148: Exhibit 30-1 Q149: A tariff will increase the price of Q150: Exhibit 30-1 Q151: The oldest and most common method for Unlock this Answer For Free Now! View this answer and more for free by performing one of the following actions Scan the QR code to install the App and get 2 free unlocks Unlock quizzes for free by uploading documents
