A Major Difference Between a Tariff and a Quota Is

question 1

Multiple Choice

A major difference between a tariff and a quota is that a tariff

• A) will reduce imports, but a quota generally will not.
• B) can easily be rescinded, but a quota cannot.
• C) will reduce the ability of foreigners to obtain the purchasing power to buy a nation's export goods, but a quota will not affect the foreign demand for the nation's exports.
• D) typically generates tax revenue, while a quota does not.

---

Definitions:

Molecular Geneticists

Scientists who study the structure and function of genes at a molecular level.

Personality Development

The growth and development of the psychological traits and characteristics that make up an individual's distinct personality.

Socioeconomic Status

A measure of an individual's or family's economic and social position in relation to others, based on income, education, and occupation.

Heritability

The proportion of observed variation in a particular trait among individuals of a population that can be attributed to genetic differences.