In What Way Does a Tariff Differ from a Quota

question 8

Multiple Choice

In what way does a tariff differ from a quota?

• A)A tariff is levied on imports, whereas a quota is imposed on exports.
• B)A tariff is a tax levied on exports, whereas a quota is a limit on the number of units of a good that can be exported.
• C)A tariff is a tax imposed on imports, whereas a quota is an absolute limit on the number of units of a good that can be imported.
• D)A tariff is levied on exports, whereas a quota is imposed on imports.

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Definitions:

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