One Big Difference Between Tariffs and Quotas Is That Tariffs

question 110

Multiple Choice

One big difference between tariffs and quotas is that tariffs:

• A) raise the price of a good while quotas lower it.
• B) generate tax revenues while quotas do not.
• C) stimulate international trade while quotas inhibit it.
• D) hurt domestic producers while quotas help them.
• E) give the same outcome as free trade while quotas do not.

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