One Way Tariffs Differ from Quotas Is That

question 254

Multiple Choice

One way tariffs differ from quotas is that

• A) tariffs produce revenues for the importing country's government.
• B) quotas produce revenues for the exporting country's government.
• C) tariffs produce no revenues but set limits on the imported items.
• D) tariffs are applied only on raw materials.

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Definitions:

Equality

The state of being equal, especially in status, rights, and opportunities.

Mutuality

A principle based on mutual interests, benefits, and cooperation between parties, often characterized by reciprocal actions.

Founder Syndrome

A phenomenon where organizations or businesses experience challenges stemming from the continuing dominance of the founder(s), potentially stifling growth, adaptation, or change.

Federation

An organization or group within which smaller divisions or parties agree to some central authority or governance.