In an Inflationary Environment, Then Over Time

question 55

Multiple Choice

In an inflationary environment, then over time

• A) a specific tariff will tend to raise more revenue than an ad valorem tariff.
• B) an ad valorem tariff will tend to raise more revenue than a specific tariff.
• C) an optimum tariff will tend to raise more revenue than an escalating tariff.
• D) a tariff quota will tend to raise more revenue than a specific tariff.
• E) an import quota would raise more revenue than a specific tariff.