Multiple Choice
A difference between a quota and a tariff is that
A) a tariff generates a higher price than does a quota.
B) a tariff generates a greater reduction in exports than does a quota.
C) a quota increases profits of domestic producers more than does a tariff.
D) the government collects revenues from a tariff but does not collect revenues from a quota.
Correct Answer:
Verified
Correct Answer:
Verified
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