Tariffs and import quotas differ in that
A) one is a form of trade restriction, while the other is not.
B) one is legal, while the other is not.
C) one is a tax, while the other is a limit.
D) one is imposed by the government, while the other is imposed by the private sector.
E) one increases imports, while the other decreases imports.
Correct Answer:
Verified
Q50: Tariffs
A)generate revenue for consumers.
B)generate revenue for the
Q51: Reducing a tariff _ the domestic production
Q52: Refer to the figure below to answer
Q53: The winners from a tariff on imports
Q54: A Canadian tariff imposed on items that
Q56: Increasing a tariff _ the domestic quantity
Q57: Tariffs and import quotas both result in
A)lower
Q58: If Canada imposes a tariff on imported
Q59: Which of the following statements concerning tariffs
Q60: A tax that is imposed by the
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