A Major Difference Between Tariffs and Import Quotas Is That

question 245

Multiple Choice

A major difference between tariffs and import quotas is that

• A)tariffs create deadweight losses,but import quotas do not.
• B)tariffs help domestic consumers,and import quotas help domestic producers.
• C)tariffs raise revenue for the government,but import quotas create surplus for those who get the licenses to import.
• D)All of the above are correct.

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Definitions:

Leukopenia

A condition characterized by a reduced number of white blood cells in the blood, making individuals more susceptible to infections.

Systemic Lupus Erythematous

An autoimmune disease where the body's immune system mistakenly attacks healthy tissue, affecting the skin, joints, kidneys, brain, and other organs.

Anemia

A condition where there is a deficiency of red blood cells or hemoglobin in the blood, leading to symptoms like fatigue and weakness.

Leukopenia

A condition characterized by a decrease in the number of white blood cells in the blood, affecting the body's ability to fight infection.