Which of the Following Is Common to Both Tariffs and Quotas

question 131

Multiple Choice

Which of the following is common to both tariffs and quotas?

• A)Tariffs and quotas are both used as a means to increase government revenue.
• B)Tariffs and quotas both increase economic efficiency.
• C)Tariffs and quotas are both designed to reduce foreign competition faced by domestic firms.
• D)Tariffs and quotas are both examples of voluntary export restraints.

---

Definitions:

Corporate Social Responsibility

A business model that helps a company be socially accountable—to itself, its stakeholders, and the public.

Stakeholders

Individuals or organizations directly or indirectly affected by the activities and performance of a business.

Overall Equipment Effectiveness

A measure of manufacturing productivity that calculates how well a manufacturing operation utilizes its equipment in terms of availability, performance, and quality.

Manufacturing Capacity

The maximum volume of products a manufacturing facility can produce over a given period of time under normal working conditions.