A Key Difference Between Tariffs and Import Quotas Is That

Multiple Choice

A key difference between tariffs and import quotas is that

A) consumers are hurt with import quotas but not with tariffs.
B) consumers are hurt with tariffs but not with import quotas.
C) the government receives revenue with a tariff,but the importer makes a profit with an import quota.
D) the government receives revenue with an import quota,but the importer makes a profit with a tariff.
E) producer surplus increases with a tariff and decreases with an import quota.