A Crucial Difference Between the Impact of an Import Quota

question 61

Multiple Choice

A crucial difference between the impact of an import quota compared to a tariff is that:

• A)​import quotas generate revenue to the domestic government, but tariffs do not.
• B)​import quotas generate no revenue to the domestic government, but tariffs do.
• C)​tariffs increase the prices paid by domestic consumers, but quotas do not.
• D)​both (a) and (c)

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Definitions:

Essential Ingredient

A crucial component or element required for something to function optimally or to achieve a desired outcome.

Survival

The act or fact of living or continuing longer than another person or thing.

Metaparadigm Concepts

Fundamental ideas or phenomena that are essential to the field of nursing, including person, health, environment, and nursing itself.

Nursing Theories

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