In Contrast to a Tariff,a Quota Does Not

question 145

Multiple Choice

In contrast to a tariff,a quota does not

• A) reduce consumers' surplus.
• B) increase producers' surplus.
• C) generate revenues for government.
• D) raise price.
• E) c and d

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Definitions:

Toxic Level

The concentration of a substance in the body that can cause harmful effects or poisoning.

Plasma

The liquid component of blood, in which blood cells are suspended, consisting of water, salts, and proteins.

Iron Supplement

A dietary supplement used to increase the amount of iron in the body, often prescribed for anemia.

Constipated

A condition where an individual has difficulty in evacuating bowels, often leading to infrequent and/or painful elimination.