A Key Difference Between Tariffs and Import Quotas Is That

question 96

Multiple Choice

A key difference between tariffs and import quotas is that

• A)consumers are hurt with import quotas but not with tariffs.
• B)consumers are hurt with tariffs but not with import quotas.
• C)the government receives revenue with a tariff,but the importer makes a profit with an import quota.
• D)the government receives revenue with an import quota,but the importer makes a profit with a tariff.
• E)producer surplus increases with a tariff and decreases with an import quota.

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Definitions:

Temporal Lobe

A region of the cerebral cortex involved in processing auditory information, language, and also in memory and emotions.

Emotions

Complex psychological states that involve a physiological response, subjective experience, and behavioral expression, often in response to an external or internal event.

Emotional Situations

Circumstances or experiences that provoke strong feelings or reactions, often requiring emotional intelligence to navigate.

Amygdala

A region of the brain involved in the processing of emotions, including fear and pleasure.