An Important Difference Between Tariffs and Quotas Is That Tariffs

question 32

Multiple Choice

An important difference between tariffs and quotas is that tariffs

• A) raise the price of the good.
• B) generate tax revenue for the government.
• C) stimulate international trade.
• D) help domestic producers.
• E) are paid by foreign producers.

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Definitions:

Sulfur

A chemical element with the symbol S, known for its importance in biological organisms and its role in various chemical compounds.

Isotopes

Isotopes are variants of a particular chemical element which differ in neutron number, and consequently in nuclear mass, yet retain their identity as that element.

Neutrons

Subatomic particles found in the nucleus of an atom, with no electric charge and a mass slightly larger than that of protons.

Protons

Positively charged subatomic particles found within the nucleus of an atom, defining the element's atomic number.