Tariffs and import quotas both result in
A) lower levels of domestic production.
B) the domestic government gaining revenue.
C) lower levels of imports.
D) higher levels of domestic consumption.

Question

Quizplus · Accepted Answer

Tariffs and import quotas are both trade barriers that governments use to restrict imports. By making imported goods more expensive or limiting the quantity that can be imported, both measures reduce the level of imports into a country.

Tariffs and Import Quotas Both Result in