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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