A difference between a quota and a tariff is that
A) a tariff generates a higher price than does a quota.
B) a quota increases profits of domestic producers more than does a tariff.
C) a tariff generates a greater reduction in exports than does a quota.
D) the government collects revenues from a tariff but does not collect revenues from a quota.
Correct Answer:
Verified
Q63: Which of the following best describes the
Q64: An import quota directly restricts_ and are
Q65: The effect of an import quota is
Q66: A tariff is
A) a government imposed limit
Q67: Of the following, in which decade were
Q69: A key difference between tariffs and quotas
Q70: Import quotas
A) set the number of units
Q71: Import quotas
A) are the same as tariffs.
B)
Q72: Voluntary export restraints VERs)
A) raise the prices
Q73: Import quotas_ the price of imported goods
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