Which of the following statements about a tariff and a quota is true?
A) With a tariff the government collects revenues, but not with a quota.
B) With a quota the quantity of imports falls, but not with a tariff.
C) With a tariff the domestic price of the good increases, but not with a quota.
D) With a quota the domestic production of the good increases, but not with a tariff.
Correct Answer:
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Q58: Exhibit 34-2 Q60: Exhibit 34-3 Q63: The situation where a country can produce Q63: If there is no comparative advantage in Q64: Which of the following is an example Q65: The effect of a tariff is Q66: Exhibit 34-4 Q67: Exhibit 34-5 Unlock this Answer For Free Now! View this answer and more for free by performing one of the following actions Scan the QR code to install the App and get 2 free unlocks Unlock quizzes for free by uploading documents
A)an increase
