If a Tariff and an Import Quota Lead to Equivalent

question 99

Multiple Choice

If a tariff and an import quota lead to equivalent increases in the domestic price of steel, then

• A) the quota results in efficiency reductions but the tariff does not.
• B) the tariff results in efficiency reductions but the quota does not.
• C) they have different impacts on how much is produced and consumed.
• D) they have different impacts on how income is distributed.

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Definitions:

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The dissemination and reporting of news events and information by various media outlets.

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Bulimia Nervosa

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A health condition or disease that has the potential to cause death unless it is effectively treated.