The Primary Difference Between an Import Tariff and an Import

Multiple Choice

The primary difference between an import tariff and an import quota is that

A) tariffs cause prices to rise, but quotas do not
B) quotas cause prices to rise, but tariffs do not
C) tariffs result in a net welfare loss, but quotas do not
D) quotas result in a net welfare loss, but tariffs do not
E) tariff revenues go to government, but quotas benefit those with the right to sell foreign goods domestically