In Contrast to a Tariff, a Quota Does Not

question 109

Multiple Choice

In contrast to a tariff, a quota does not

• A)reduce consumers' surplus.
• B)increase producers' surplus.
• C)generate revenues for government.
• D)raise price.

---

Definitions:

Criterion-based Induction

A method of reasoning in which a conclusion is drawn based on a set of criteria that are believed to support that conclusion.

Survey Method

A research method that involves collecting data from a predefined group of respondents to gather information and insights on various topics.

Questionnaire

A set of questions designed to gather information from respondents for research, feedback, or assessment purposes.

Buying Habits

Patterns or tendencies that consumers exhibit when purchasing products or services, often influenced by various factors such as culture, personal preferences, and economic conditions.