Which of the Following Is True of Quotas

question 96

Multiple Choice

Which of the following is true of quotas?

• A) Unlike tariffs, it reduces the domestic price level of the good on which the quota is imposed.
• B) It forces domestic producers to improve productive e?ciency.
• C) It is a source of tax revenue for the domestic government.
• D) It makes goods more expensive for domestic consumers.

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Definitions:

South African Politics

The political scene and activities within South Africa, characterized by its transition from apartheid to a democratic system.

Apartheid

A system of institutionalized racial segregation and discrimination in South Africa between 1948 and the early 1990s.

Annexation of the Philippines

The process by which the United States took control of the Philippines from Spain in 1898, leading to a period of American colonial rule.