Tariffs are different from quotas because they
A)increase government revenue.
B)increase profits.
C)increase the quantity traded.
D)place all the burden on foreigners.

Question

Quizplus · Accepted Answer

Tariffs increase government revenue, while quotas limit the quantity traded. Neither option necessarily places all the burden on foreigners, and while tariffs may increase profits for domestic producers, this is not their primary purpose.

Tariffs Are Different from Quotas Because They