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:

Educational Level

The highest degree or level of school completed by an individual, often impacting employment opportunities and income.

Labor Market Signal

Indicators or attributes used by employers to gauge potential employees' productivity or suitability for a job.

Educational Process

The systematic method through which individuals acquire knowledge, skills, and values, typically within an institutional setting.

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The achievement of set educational goals, measured through grades, test scores, and completion of educational levels.