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A Major Difference Between a Tariff and a Quota Is

Question 118

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A major difference between a tariff and a quota is that a tariff


A) ​will reduce the ability of foreigners to obtain the purchasing power to buy a nation's export goods, but a quota will not affect the demand of foreigners for the nation's exports.
B) ​typically generates tax revenue while a quota does not.
C) ​can easily be rescinded but a quota cannot.
D) ​will reduce imports but a quota generally will not.

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