A Quota Differs from a Tariff in That Quotas

question 52

Multiple Choice

A quota differs from a tariff in that quotas:

• A) limit the volume of imports more than tariffs.
• B) do not increase the price of imports as much as tariffs.
• C) do not generate tax revenues, unlike tariffs.
• D) reduce consumer welfare more than do tariffs.

---

Definitions:

Concern For Results

The focus on achieving specific objectives and outcomes, often measured by performance indicators or success criteria.

Opportunism

The practice of taking advantage of opportunities with little regard for principles or consequences, often in a self-serving manner.

Authority Compliance Manager

A type of leader primarily focused on task completion and productivity, often at the expense of team or employee relationships.

Concerned With People

A focus or emphasis on the well-being, development, and engagement of individuals within an organization or group.