If a Quota Is Set at the Same Quantity of Imports

question 90

Multiple Choice

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

• A)the deadweight loss from the tariff is greater than the deadweight loss from the import quota.
• B)the deadweight loss from the tariff equals the deadweight loss from the import quota.
• C)the deadweight loss from the import quota is greater than the deadweight loss from 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:

Surface Diversity

Visible differences among members of a group, including age, ethnicity, gender, physical abilities, and race, without necessarily reflecting deeper variations in values or beliefs.

Group Cohesiveness

refers to the extent to which members of a group stick together and remain united in pursuing common objectives.

Self-managed Work Teams

Groups of employees who operate without traditional managerial supervision, assuming responsibility for their governance, decision-making, and operations.

Process Loss

The reduction in group performance or efficiency due to problems associated with coordination and motivation among members.