A Key Difference Between Tariffs and Quotas Is That

question 104

Multiple Choice

A key difference between tariffs and quotas is that

• A) the government receives revenue with tariffs, but the importer receives added profit with quotas.
• B) consumers are hurt with quotas but not with tariffs.
• C) consumers are hurt with tariffs but not with quotas.
• D) the government receives revenue with quotas, but the importer receives added profit with tariffs.

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Definitions:

Oxidation

A chemical reaction in which a substance loses electrons, often associated with the gain of oxygen or loss of hydrogen, crucial in energy production and metabolic processes.

Electrons

Subatomic particles with a negative charge that circle around an atom's nucleus.

Dehydration

The loss or removal of water from something, commonly referring to the state in which an organism's body loses more fluids than it takes in.

Allosteric Regulation

Control of an enzyme’s activity by a regulatory molecule that binds outside the active site.