One Big Difference Between Tariffs and Quotas Is That Tariffs

question 20

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.

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Definitions:

Remembering

involves the process of recalling information that has been previously encoded and stored in memory.

Sympathetic Nervous System

Part of the autonomic nervous system that orchestrates the body's 'fight or flight' response.

Sensory Deprivation

A condition in which one is deprived of normal sensory input, which can lead to various cognitive and psychological effects.

Meditation

A practice where an individual uses a technique – such as mindfulness or focusing their mind on a particular thought, object, or activity – to achieve mental clarity and emotional calmness.