The Diagram Below Shows the Demand and Supply Curves for Refrigerators

question 80

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:

Hypoparathyroidism

A rare condition where the parathyroid glands produce too little parathyroid hormone, leading to low calcium levels in the blood.

Serum Phosphorus

A measurement of the amount of phosphorus in the blood, crucial for bone formation, energy storage, and muscle function.

Serum Calcium

The concentration of calcium in the blood, important for bone health and muscle function, among other physiological processes.

Astrocytes

Star-shaped glial cells in the brain and spinal cord that support neurons, participate in the blood-brain barrier, and help regulate synaptic function.