Tariffs and Quotas Are Different in the Sense That

question 7

Multiple Choice

Tariffs and quotas are different in the sense that

• A)tariffs cause deadweight losses,while quotas do not cause deadweight losses.
• B)tariffs raise revenue for the government,while quotas do not raise revenue for the government.
• C)tariffs enhance the well-being of domestic consumers,while quotas diminish the well-being of domestic consumers.
• D)tariffs enhance the well-being of domestic producers,while quotas diminish the well-being of domestic producers.

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