A Major Difference Between a Tariff and a Quota Is

question 22

Multiple Choice

A major difference between a tariff and a quota is that a tariff

• A)​will reduce the ability of foreigners to obtain the purchasing power to buy a nation's export goods, but a quota will not affect the demand of foreigners for the nation's exports.
• B)​typically generates tax revenue while a quota does not.
• C)​can easily be rescinded but a quota cannot.
• D)​will reduce imports but a quota generally will not.

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Definitions:

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The combination of characteristics or qualities that form an individual's distinctive character, influencing patterns of thought, emotion, and behavior.

Freud

Refers to Sigmund Freud, an Austrian neurologist and the founder of psychoanalysis, a method for treating psychopathology through dialogue between a patient and a psychoanalyst.

Libido

A term used in psychoanalytic theory to denote the sexual or life drive, often manifested as sexual energy.