Tariffs and Import Quotas Differ in That

question 85

Multiple Choice

Tariffs and import quotas differ in that

• A)one is a form of trade restriction, while the other is not.
• B)one is legal, while the other is not.
• C)one is a tax, while the other is a limit.
• D)one is imposed by the government, while the other is imposed by the private sector.
• E)one increases imports, while the other decreases imports.

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Definitions:

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