Which of the Following Statements About a Tariff and a Quota

question 67

Multiple Choice

Which of the following statements about a tariff and a quota is true?

• A)With a tariff the government collects revenues, but not with a quota.
• B)With a quota the quantity of imports falls, but not with a tariff.
• C)With a tariff the domestic price of the good increases, but not with a quota.
• D)With a quota the domestic production of the good increases, but not with a tariff.

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Definitions:

Retroactive Interference

A phenomenon where new information interferes with the recall of previously learned information.

Material Interference

The phenomenon where the learning or memory capability for one material is adversely affected by the presence of other material.

Long-term Memory

A type of memory responsible for the storage of information over an extended period, ranging from a few days to decades, and involves the capacity to retain and recall facts, experiences, and skills.

Reconstructive Memory

A theory suggesting that memory is not a straightforward retrieval of facts but rather a complex and constructive process, often influenced by personal experiences and beliefs.