Which Statement Correctly Describes the Impacts of Tariffs and Quotas

Multiple Choice

Which statement correctly describes the impacts of tariffs and quotas?

A) Tariffs restrict exports while quotas restrict imports.
B) Tariffs generate government revenue; both tariffs and quotas can reduce imports.
C) Quotas generate government revenue and restrict exports; tariffs restrict exports and do not generate government revenue.
D) The impact is the same.