A difference between a quota and a tariff is that
A) quotas provide gains for consumers and tariffs provide gains for producers
B) quotas provide gains for producers and tariffs provide gains for consumers
C) tariffs cause the revenue of the government to increase, while quotas do not
D) quotas cause the revenue of the government to increase, while tariffs do not
Correct Answer:
Verified
Q48: For the U.S., the imposition of tariffs
Q49: All of the following are justifications for
Q50: A sudden reduction in import tariffs is
Q51: The promotion of free trade among the
Q52: A quota is similar to a tariff
Q54: When import tariffs are imposed by the
Q55: In the U.S., quotas on the numbers
Q56: Table 16.1 Production Possibilities Tables for Germany
Q57: Table 16.1 Production Possibilities Tables for Germany
Q58: Table 16.1 Production Possibilities Tables for Germany
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