A Key Difference Between Tariffs and Quotas Is That

question 83

Multiple Choice

A key difference between tariffs and 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 added profit with quotas.
• D) the government receives revenue with quotas, but the importer receives added profit with tariffs.

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Definitions:

Point System

A method of performance evaluation or employee recognition where individuals earn points for various achievements, which can be exchanged for rewards.

Job-Evaluation Technique

A systematic process for determining the relative worth of a job in comparison to other jobs within an organization, usually considering factors like skill, effort, and responsibility.

Compensable Factors

Characteristics of jobs that are valued by the employer and are compensated for in the form of wages, salaries, or benefits.

Stock-Option Plan

a compensation scheme that gives employees the option to buy company shares at a predetermined price, usually as an incentive or reward.