Multiple Choice
For a country that is considering the adoption of either a tariff or an import quota on a particular good,an important difference is that
A) an import quota has no effect on consumer surplus,while a tariff decreases consumer surplus.
B) an import quota has no effect on producer surplus,while a tariff decreases producer surplus.
C) a tariff raises total surplus,while an import quota does not.
D) a tariff raises revenue for that country's government,while an import quota does not.
Correct Answer:

Verified
Correct Answer:
Verified
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