A Key Difference Between Imposing Tariffs as Opposed to Imposing

question 81

Multiple Choice

A key difference between imposing tariffs as opposed to imposing quotas is that

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

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Definitions:

Material

Physical substances from which things can be made or actual constituents that have significant importance or relevance to a subject or issue.

Delaying Action

A tactical maneuver designed to slow down or hold up an opposing force or process.

Feasibility Report

A document that assesses the practicality and potential success of a proposed project or solution.

Functional Patterns

Repeated behaviors or practices that serve a specific purpose or function within a larger system or context.