A Tariff Differs from a Quota in That a Tariff

question 80

Multiple Choice

A tariff differs from a quota in that a tariff is

• A) levied on imports, whereas a quota is imposed on exports.
• B) levied on exports, whereas a quota is imposed on imports.
• C) a tax levied on exports, whereas a quota is a limit on the number of units of a good that can be exported.
• D) a tax imposed on imports, whereas a quota is an absolute limit to the number of units of a good that can be imported.

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Definitions:

Mailing Days

Mailing Days are business days considered when estimating the delivery time for postal and courier services, excluding weekends and holidays.

Bank Deposit

Money placed into a banking institution for safekeeping, which can include savings accounts, checking accounts, and certificates of deposit.

Availability Delay

The lag time between when a deposit is made in a bank account and when the funds are available for use.

Bank Releases

Legal documents indicating that a bank has released its claim on assets, typically after a loan has been paid off.