The Difference Between an Import Quota and a Tariff That

question 107

Multiple Choice

The difference between an import quota and a tariff that results in the same domestic price is

• A)none; they are the same
• B)the quantity demanded is higher under the tariff
• C)the world price is higher under the quota
• D)the tariff revenue goes to the domestic government; quota benefits may go to foreigners
• E)none because both quotas and tariffs are illegal

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Definitions:

Basal Ganglia

The basal ganglia are a group of structures in the brain involved in movements, decision making, and rewarding experiences.

Dopamine

A neurotransmitter involved in many functions, including mood regulation, reward, and motor control.

Tourette Syndrome

A neurological disorder characterized by repetitive, involuntary movements and vocalizations called tics.

Motor Tics

Motor Tics are sudden, brief, repetitive movements typically involving specific muscle groups, often seen in conditions like Tourette syndrome.