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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Definitions:

Consistently

Pertaining to something that is done in the same way over time, showing reliability or uniformity in actions or behavior.

Lower Dose

A reduced quantity or concentration of a substance, typically medication, administered or consumed, intending to minimize risk or side effects while maintaining effectiveness.

Diet Pills

Supplements intended to help with weight loss by suppressing appetite, increasing metabolism, or blocking fat absorption.

Amphetamines

A class of stimulant drugs that can increase energy and concentration but also carry the risk of addiction and adverse health effects.