The table below shows the quantity demanded (in thousands) and quantity supplied (in thousands) of computers in the U.S. and Canada at different prices.Table 20.5

-Which of the following tools of commercial policy yields a revenue to the government?

Question

The table below shows the quantity demanded (in thousands) and quantity supplied (in thousands) of computers in the U.S. and Canada at different prices.Table 20.5
 
-Which of the following tools of commercial policy yields a revenue to the government?

Quizplus · Accepted Answer

Tariff is a tax on imported goods, which generates revenue for the government. Quota is a limit on the quantity of imports, which does not directly generate revenue. Export subsidies are payments made by the government to firms to encourage them to export, which would reduce government revenue. Government procurement policy refers to the government's decision to buy goods and services, which can generate revenue for the suppliers, but not directly for the government. Health and safety standards are regulations intended to protect public health and safety, which do not generate revenue for the government.

The Table Below Shows the Quantity Demanded (In Thousands) and Quantity