The Difference Between the Effect of an Import Quota When

question 161

Multiple Choice

The difference between the effect of an import quota when quota rights are given away and the effect of a tariff is that

• A)only the tariff results in a higher domestic price
• B)only the quota decreases the amount of goods imported
• C)the decrease in producer surplus is smaller with the quota
• D)under a quota, part of the decrease in consumer surplus is redistributed to foreign producers; under a tariff, it is redistributed to the domestic government
• E)under a tariff, part of the decrease in consumer surplus is redistributed to foreign producers; under a quota, it is redistributed to the domestic government

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Definitions:

Other Tissues

Refers to various types of bodily tissues aside from the ones specifically mentioned, encompassing a wide range of cellular structures and functions.

Body Parts

Physical components of organisms, including limbs, organs, and systems, that contribute to their structure and function.

Human Papilloma Virus

Human Papilloma Virus (HPV) is a group of viruses that can cause warts and are often associated with certain cancers, including cervical cancer.

Cervical Cancer

A type of cancer arising from the cervix due to the abnormal growth of cells that have the ability to invade or spread to other parts of the body.