Tariffs and Import Quotas Have the Following Differing Outcomes

question 77

Multiple Choice

Tariffs and import quotas have the following differing outcomes:

• A)import quotas do not create deadweight losses but tariffs do
• B)tariffs help domestic consumers and import quotas help domestic producers
• C)tariffs raise revenue for the government but import quotas create a surplus for import licence holders
• D)tariffs increase prices but import quotas do not.

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Definitions:

Neurotrophic Factor

Chemical compound that supports growth and differentiation in developing neurons and may act to keep certain neurons alive in adulthood.

Brain-derived

Often a prefix to substances or factors that originate from the brain, influencing various neurological functions and development.

Chemicals

Substances with distinct molecular compositions that are used or produced in chemical processes.

Brain-derived Neurotrophic Factor

A protein in the brain and nervous system that promotes the survival, growth, and maintenance of neurons.