A Tariff Is Better Than a Quota Because

question 196

Multiple Choice

A tariff is better than a quota because

• A)it does not distort trade as much.
• B)quotas are inflexible.
• C)tariffs produce tax revenue.
• D)quotas hurt domestic producers; tariffs hurt foreign producers.

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Definitions:

Overall Rate

The aggregate or average rate across different instances or cases, considering all relevant factors or components.

Overtime Rate

The rate of pay for hours worked in excess of the standard working hours, typically higher than the normal rate.

Exports

Goods, services, or commodities sent from one country to another for the purpose of trade or sale.

June

The sixth month of the year in the Gregorian calendar.