Tariffs and Quotas Tend to Be Similar in Their Domestic

question 29

Multiple Choice

Tariffs and quotas tend to be similar in their domestic welfare effects

• A) if quota licenses are given to foreigners.
• B) if quota license are auctioned.
• C) if quota licenses are given to domestic firms.
• D) Both B and C.

---

Definitions:

Productivity

The measure of efficiency of a person, machine, factory, or system in converting inputs into useful outputs.

High-Performing

Describes individuals, teams, or organizations that consistently achieve outstanding results relative to their peers or objectives.

Low-Performing

Referring to an individual or entity that fails to meet expected or standard levels of productivity or achievement.

Friendly Competitive

A situation in which competitors interact in a positive and supportive manner while still striving to win.