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:

Psychological Control

The manipulation of someone else's psychological and emotional state to influence their behavior, often in a negative way.

Punishment

The infliction of a penalty or negative consequence on someone as a response to undesirable behavior, intended to decrease that behavior's occurrence.

Spanked

The act of hitting someone, typically a child, on the buttocks as a form of punishment.

Predictor

A variable or factor that is used to forecast or indicate a potential result or outcome in various contexts, including statistical, psychological, and environmental.