A Key Difference Between Tariffs and Import Quotas Is That

question 96

Multiple Choice

A key difference between tariffs and import quotas is that

• A)consumers are hurt with import quotas but not with tariffs.
• B)consumers are hurt with tariffs but not with import quotas.
• C)the government receives revenue with a tariff,but the importer makes a profit with an import quota.
• D)the government receives revenue with an import quota,but the importer makes a profit with a tariff.
• E)producer surplus increases with a tariff and decreases with an import quota.

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Definitions:

YouTube

A video-sharing platform where users can upload, share, and view videos.

Cultural Imperialism

The imposition of one culture over others, often through media and cultural products, leading to the dominance of the imposing culture.

Local Media

Media outlets such as television stations, radio stations, newspapers, and websites that provide news, information, and entertainment focused on a particular geographic area or community.

Cultural Imperialism

The practice where the culture of a larger or more powerful country or society influences or dominates that of a smaller or less powerful one.