How Is a Tariff Different from a Quota

question 178

Multiple Choice

How is a tariff different from a quota?

• A) A tariff sets a limit on the quantity of a good that may be imported, while a quota is a tax on an import.
• B) A tariff and a quota are different words for the same thing.
• C) A tariff is a tax on an import, while a quota set a limit on the quantity of a good that may be imported.
• D) None of the above are correct.

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Definitions:

Geographic Location

The specific area or position of something or someone on the surface of the Earth, often defined in terms of coordinates.

Alcohol And Substance Abuse

The detrimental or dangerous consumption of substances that affect mental processes, such as alcohol and illegal drugs, resulting in addiction or dependency.

Contagion

The transmission of an infectious disease from one individual to another or the spreading of emotional or behavioral responses among individuals in a group.

Imagined Loss

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