Which of the following is a difference between an import quota and a tariff?
A) An import quota generates revenue for the domestic government, but a tariff does not.
B) An import quota generates no revenue for the domestic government, but a tariff does.
C) A tariff decreases the price of a good, but a quota does not.
D) A tariff decreases the quantity of a good demanded in the domestic market, but a quota does not.
E) A tariff increases the quantity of a good supplied in the domestic market, but a quota does not.
Correct Answer:
Verified
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