In Contrast to a Tariff,a Quota Does Not

question 145

Multiple Choice

In contrast to a tariff,a quota does not

• A) reduce consumers' surplus.
• B) increase producers' surplus.
• C) generate revenues for government.
• D) raise price.
• E) c and d

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Definitions:

Phospholipids

A class of lipids that are a major component of all cell membranes as they can form lipid bilayers.

Lipid Bilayer

A thin polar membrane made of two layers of lipid molecules; fundamental structure of cell membranes.

Soaps

Salts of fatty acids used in cleaning and as surfactants, produced from the reaction of fats with a strong base.

Soaps

Salts of fatty acids, created through the saponification process, used primarily for cleaning.