An Important Difference Between Tariffs and Quotas Is That Tariffs

question 32

Multiple Choice

An important difference between tariffs and quotas is that tariffs

• A) raise the price of the good.
• B) generate tax revenue for the government.
• C) stimulate international trade.
• D) help domestic producers.
• E) are paid by foreign producers.

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Definitions:

Start Winding

The winding of a split-phase motor that is connected out of phase with the run winding to produce a rotating magnetic field.

Centrifugal Switch

A switch sensitive to the speed of rotation, generally used to disconnect the start windings of a split-phase motor.

Disconnect Switch

A device used to completely de-energize a circuit for service or maintenance; it ensures the circuit is safe by physically disconnecting it from the power source.

Overload Switch

A protective device used to automatically cut off electrical power in case of an overload, preventing damage to the circuit.