If a Quota Is Set at the Same Quantity of Imports

question 98

Multiple Choice

If a quota is set at the same quantity of imports that results from a tariff in Country A,

• A)the quantity consumed in Country A is less under the quota than under the tariff.
• B)the quantity consumed in Country A is the same under the quota and under the tariff.
• C)the quantity consumed in Country A is more under the quota than under the tariff.
• D)the government tariff revenue is greater than the importers' profit from the import quota.
• E)the government tariff revenue is less than the importers' profit from the import quota.

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Definitions:

Complete

Refers to something that is whole, finished, or having all necessary parts.

Explanandum

The phenomenon or event that is to be explained in scientific inquiry or philosophical argument.

Hypothesis

An assumption made for the sake of argument or investigation.

Logical Strength

The extent to which the premises of an argument support its conclusion, determining how conclusive the argument is.