A key difference between imposing tariffs as opposed to imposing quotas is that
A) consumers are hurt with quotas but not with tariffs.
B) consumers are hurt with tariffs but not with quotas.
C) the government receives revenue with tariffs, but the importer receives the added revenue with quotas.
D) the government receives revenue with quotas, but the importer receives the added revenue with tariffs.
Correct Answer:
Verified
Q78: Q79: Q80: Import quotas Q81: A voluntary export restraint Q82: Import quotas _ the price of imported Q84: Who benefits from a tariff on a Q85: Tariffs _ the domestic price of the Q86: Who benefits from an import quota on Q87: A difference between a quota and a Q88: The U.S. government imposes an import quota
A) are the same as tariffs.
B)
A) is like a
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