A Key Difference Between Tariffs and Quotas Is That

question 95

Multiple Choice

A key difference between tariffs and quotas is that

• A) consumers are hurt with quotas but not with tariffs.
• B) consumers are hurt with tariffs but not with quotas.
• C) the government receives revenue with tariffs, but the importer receives the added revenue with quotas.
• D) the government receives revenue with quotas, but the importer receives the added revenue with tariffs.

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Definitions:

Sociological Imagination

A quality of the mind that allows us to understand the relationship between our individual circumstances and larger social forces.

Deprivation Amplification

When our individual disease risks (based on our heredity and physiology) are amplified by social factors.

C. Wright Mills

An American sociologist best known for his theories on the power elite and the sociological imagination, bridging the gap between individual experiences and broader social structures.

Deprivation Amplification

The process by which existing inequalities are exacerbated by societal structures, leading to greater disparity.