What Is the Primary Difference Between an Import Tariff and an Import

question 49

Multiple Choice

What is the primary difference between an import tariff and an import quota?  

• A) A tariff causes prices to rise, but a quota does NOT. 
• B) A quota causes prices to rise, but a tariff does NOT. 
• C) A quota results in a net welfare loss, but a tariff does NOT. 
• D) Tariff revenues go to government, but a quota benefits those with the right to sell foreign goods domestically.

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