The Main Difference Between a Tariff and a Quota Is

question 205

Essay

The main difference between a tariff and a quota is:
A.a quota reduces imports more sharply than a tariff.
B.a tariff will cause higher prices than a quota.
C.a tariff generates tax revenue for the government, while a quota generates rents to the license-holders.
D.a tariff will cause lower prices than a quota.

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Definitions:

IM

Abbreviation for Instant Messaging, a form of online communication that allows real-time text transmission over the internet.

Lengthy

Lengthy refers to something that is significantly long in duration or size.

Complex Messages

Communications that involve multiple layers of meaning or require significant interpretation and understanding.

Focus

The concentration of attention or energy on a specific object, task, or goal.