Which of the Following Statements Explains the Difference Between Tariffs

question 107

Multiple Choice

Which of the following statements explains the difference between tariffs and quotas

• A)Tariffs reduce the quantity of the imports and raise the domestic price of the good but quotas do not.
• B)"Voluntary" limits on Canadian exports of hogs are better for the United States than U.S.tariffs placed on Canadian hog exports.
• C)Tariffs and quotas differ in that tariffs work like a tax and therefore impose deadweight losses, whereas quotas do not impose deadweight losses.
• D)A tariff raises revenue for the government, whereas an import quota creates surplus for those who get the licences to import.

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Definitions:

Family Participation

The involvement of family members in the educational and developmental process of a child, which can positively impact learning outcomes.

Family-centered Initiative

Programs or policies that focus on strengthening familial relationships and structures to promote welfare and well-being among all family members.

Schoolwide Recruitment

Efforts or strategies employed to attract students, staff, or participants across an entire school setting, often for programs or initiatives.

Training Handbook

A manual or guide designed for teaching specific skills or for providing instructions in a particular area of training.