A difference between a quota and a tariff is that
A) the government collects revenues from a tariff but does not collect revenues from a quota.
B) a tariff generates a higher price than does a quota.
C) a tariff generates a greater reduction in exports than does a quota.
D) a quota increases profits of domestic producers more than does a tariff.
Correct Answer:
Verified
Q91: A key difference between a quota and
Q92: An import quota is a
A) law that
Q93: Economists usually agree with which of the
Q94: Who benefits from a tariff on a
Q95: A difference between a quota and a
Q97: An import quota directly restricts _ and
Q98: When does the domestic government gain the
Q99: Voluntary export restraints (VERs)
A) raise revenue for
Q100: Who benefits from an import quota on
Q101: Which of the following statements is true?
A)
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