A Key Difference Between Tariffs and Import Quotas Is That

question 23

Multiple Choice

A key difference between tariffs and import quotas is that

• A)consumers are hurt with import quotas but not with tariffs.
• B)consumers are hurt with tariffs but not with import quotas.
• C)the government receives revenue with a tariff, but the importer makes a profit with an import quota.
• D)the government receives revenue with an import quota, but the importer makes a profit with a tariff.
• E)domestic producers gain with a tariff and lose with an import quota.

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Definitions:

Followership Characteristics

Attributes or behaviors exhibited by individuals who are considered effective followers, including the ability to execute directions, think critically, and support the leader's vision.

Leader Characteristics

Traits or qualities that contribute to effective leadership, including attributes like integrity, confidence, and adaptability.

Environmental Context

The surrounding conditions, including natural and built environments, that influence an entity or individual's functionality or behavior.

Reversing The Lens

A method of examining or analyzing situations from an alternative perspective, often to gain new insights or understand hidden aspects.