How Do Quantitative Export Restrictions and an Equivalent Export Tax

question 19

Multiple Choice

How do quantitative export restrictions and an equivalent export tax rate differ?

• A) There is no difference
• B) Under an export tax money is generated for the government and with a quantitative restriction money is generated for domestic consumers
• C) Under an export tax money is generated for the government and with a quantitative restriction money is generated for domestic exporters
• D) Under an export tax money is generated for exporters and with quantitative restrictions money is generated for the government.

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Definitions:

Written Contract

An agreement between parties that is documented in a written form and signed by the parties involved.

Remedy

A legal means of enforcing a right or correcting a wrong.

Promissory Estoppel

A legal principle that prevents a party from withdrawing a promise made to a second party if the latter has reasonably relied on that promise to their detriment.

Equitable Doctrine

Legal principles applied by courts to ensure fairness and justice, often used in cases where traditional laws might not provide a remedy.