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.

Understand the correct format for stating times.

Understand the rules of proper capitalization in English.

Identify the correct capitalization of historical periods and events.

Learn the correct capitalization of geographical names and locations.

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Definitions:

Trading Volume

It denotes the total number of shares or contracts traded for a specific security or market during a given period.

Bubble

A situation where observed prices soar far higher than fundamentals and rational analysis would suggest.

Crash

A situation where market prices collapse significantly and suddenly.

Money Illusion

The tendency of people to think of currency in nominal, rather than real, terms, thereby neglecting the effect of inflation on purchasing power.