In comparing a tariff and an import quota, we find that
A) the tariff and quota both generate the same amount of revenue for the U.S. Treasury.
B) the tariff generates revenue for the U.S. Treasury, but the quota does not.
C) the quota generates revenue for the U.S. Treasury, but the tariff does not.
D) neither the tariff nor the quota generates revenue for the U.S. Treasury.
Correct Answer:
Verified
Q87: The accompanying table gives domestic supply
Q88: Other things equal, a tariff is
A) superior
Q89: A protective tariff will
A) increase the sales
Q90: Q91: Suppose the United States eliminates high tariffs Q93: Other things equal, economists would prefer![]()
A) free
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