How Is a Tariff Different from a Quota

question 178

Multiple Choice

How is a tariff different from a quota?

• A) A tariff sets a limit on the quantity of a good that may be imported, while a quota is a tax on an import.
• B) A tariff and a quota are different words for the same thing.
• C) A tariff is a tax on an import, while a quota set a limit on the quantity of a good that may be imported.
• D) None of the above are correct.

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