The Diagram Below Shows the Demand and Supply Curves for Refrigerators

question 102

Multiple Choice

The diagram below shows the demand and supply curves for refrigerators in Canada. FIGURE 33-1 Refer to Figure 33-1.If we compare the effect of an import tariff with the effect of an import quota in this market,both of which cause the Canadian price to increase by the same amount,the major difference between the two policies is

• A)the quota does not directly reduce the quantity whereas the tariff does.
• B)the tariff raises revenue for the government whereas the quota benefits foreign producers.
• C)the tariff raises revenue for the protected producers whereas the quota benefits the government.
• D)the tariff does not directly affect the price consumers pay whereas the quota does.
• E)the tariff directly affects the price consumers pay whereas the quota has neither direct nor indirect price effects.

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Definitions:

Abusive Environment

A setting where individuals are subjected to behavior that causes psychological or physical harm.

Suicide Rate

A metric indicating the number of suicide deaths in a given population and timeframe, used to measure and understand the prevalence and impact of suicidal behaviors.

Hispanic Americans

Refers to people living in the United States who have roots in Spanish-speaking countries, encompassing a diverse range of cultures and backgrounds.

American Indians

Indigenous peoples of the Americas, including various tribes and nations, with distinct cultures and histories.