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C) can easily be rescinded but a quota cannot.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.
Correct Answer:
Verified
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Q121: Exhibit 18-4 Q122: A reduction in the tariff on imported Q123: Exhibit 18-5![]()
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