Multiple Choice
A major difference between tariffs and import quotas is that
A) tariffs create deadweight losses,but import quotas do not.
B) tariffs help domestic consumers,and import quotas help domestic producers.
C) tariffs raise revenue for the government,but import quotas create surplus for those who get the licenses to import.
D) All of the above are correct.
Correct Answer:

Verified
Correct Answer:
Verified
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