A Key Difference Between a Quota and a Tariff Is

question 137

Multiple Choice

A key difference between a quota and a tariff is that

• A) a quota has a larger effect on quantity than on price.
• B) a tariff has a larger effect on quantity than on price.
• C) the government of the importing country gains revenue from a tariff, but the price gap caused by a quota benefits domestic importers.
• D) All of the above answers are correct.

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