In Comparing a Tariff and an Import Quota, We Find

question 151

Multiple Choice

In comparing a tariff and an import quota, we find that

• A)the tariff and quota both generate the same amount of revenue for the U.S. Treasury.
• B)the tariff generates revenue for the U.S. Treasury, but the quota does not.
• C)the quota generates revenue for the U.S. Treasury, but the tariff does not.
• D)neither the tariff nor the quota generates revenue for the U.S. Treasury.

---

Definitions:

Recover

The process of obtaining something lost or owed, such as regaining health or retrieving financial compensation through legal means.

Gun

A weapon that discharges projectiles such as bullets or shells through a barrel by the force of an explosive or other form of propulsion.

Contract

A legally binding agreement between two or more parties with mutual obligations.

Void

Describes a contract or legal agreement that lacks validity and enforceability from the outset.