A Key Difference Between a Quota and a Tariff Is

question 138

Multiple Choice

A key difference between a quota and a tariff is that

• A) a tariff has a larger effect on quantity than on price.
• B) a quota has a larger effect on quantity than on price.
• C) the government of the importing country gains revenue from a tariff, but the price gap caused by a quota benefits domestic importers.
• D) All of the above answers are correct.

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Definitions:

Applet Class

In Java, it refers to a small application designed to be transmitted over the internet and executed by a Java-compatible web browser.

JApplet

A Java class for creating applets, which are small applications designed to run within a web browser or applet viewer.

HTML Document

A file containing Hypertext Markup Language (HTML) code, which is used to create and structure content on the World Wide Web.

Applet

A small application that is typically embedded in a web page and run in a web browser, now deprecated in Java.