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.

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Definitions:

Oncogene

A gene that has the potential to cause cancer, usually by being mutated or expressed at high levels.

Tumor Cell

A cell that has undergone genetic changes enabling it to divide uncontrollably and possibly lead to cancer.

Checkpoint Gene

A gene that regulates cell cycle checkpoints to ensure cells do not divide unless certain conditions are met, playing a key role in preventing cancer.

Proto-Oncogene

Gene that, by mutation, can become an oncogene.