If a Tariff and an Import Quota Lead to Equivalent

question 156

Multiple Choice

If a tariff and an import quota lead to equivalent increases in the domestic price of steel,then:

• A) The quota results in efficiency reductions but the tariff does not
• B) The tariff results in efficiency reductions but the quota does not
• C) They have different impacts on how much is produced and consumed
• D) They have different impacts on how income is distributed

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Definitions:

DTCs

Abbreviation for Diagnostic Trouble Codes, which refer to the codes generated by a vehicle's onboard diagnostics system indicating specific issues or malfunctions.

Type C DTCs

Specific Diagnostic Trouble Codes that indicate chassis-related issues or malfunctions in a vehicle.

Type D DTCs

Diagnostic Trouble Codes associated with drivetrain issues, identifying specific problems with a vehicle's driveability.

Type A DTCs

Diagnostic Trouble Codes that indicate critical problems requiring immediate attention to prevent potential safety hazards.