A Major Difference Between Tariffs and Import Quotas Is That

question 245

Multiple Choice

A major difference between tariffs and import quotas is that

• A)tariffs create deadweight losses,but import quotas do not.
• B)tariffs help domestic consumers,and import quotas help domestic producers.
• C)tariffs raise revenue for the government,but import quotas create surplus for those who get the licenses to import.
• D)All of the above are correct.

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Definitions:

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The act of viewing violent content on television and its potential impact on behavior and attitudes.

Bobo Doll

A type of inflatable doll used in social psychology experiments to study observational learning and aggression, notably in Bandura's experiments.

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Acting with force or determination, often to achieve a goal or assert one's presence, sometimes implying hostility.

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Broadcasted or streamed updates on current events or affairs, presented through television networks.