The Difference Between a Tariff and a Quota Is That

question 214

Multiple Choice

The difference between a tariff and a quota is that the

• A)government collects more revenue by imposing a quota.
• B)government collects no revenue by imposing a quota.
• C)producer and consumer prices are equal when a tariff is imposed, but different when a quota is imposed.
• D)producer and consumer prices are equal when a quota is imposed, but different when a tariff is imposed.
• E)tariff is more effective at restricting imports.

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Definitions:

Syncline

A geological structure where rock layers fold downward, creating a U-shaped valley.

Monocline

A geological fold in which all layers are inclined in the same direction, forming a step-like structure in the Earth's strata.

Regional Metamorphism

Metamorphism affecting large areas of the crust, typically as a result of high pressures and temperatures associated with tectonic processes.

Contact Metamorphism

Metamorphism that occurs when rock is heated and chemically altered by the close proximity of magma.