The difference between a tariff and a quota is that
A) they both collect tax money, but tariffs are more equitable.
B) they both collect tax money, but quotas are more equitable.
C) tariffs collect tax money, but quotas do not.
D) quotas collect tax money, but tariffs do not.
Correct Answer:
Verified
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Q101: Imports include only goods, not services.
Q102: Both countries can gain from trade when
Q103: Which statement correctly describes the impacts of
Q104: The effects of a quota are similar
Q106: Workers in advanced economies cannot be displaced
Q107: If the domestic price of a good
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Q109: To say that countries gain from trade
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