An Import Quota Is Similar to a ________ in Its

question 4

Multiple Choice

An import quota is similar to a ________ in its effect on imports,except that an import quota ________.

• A) tariff; does not generate revenue
• B) tariff; generates revenue
• C) subsidy; does not generate revenue
• D) subsidy; generates revenue
• E) tariff; does not result in an efficiency loss.

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Definitions:

Probability

The likelihood that a given event (among a specific set of events) will occur.

Double-Barreled

Questions or statements that address more than one issue at a time, often leading to confusion or difficulty in answering.

Factual

Based on facts; representing information that is real or true and not influenced by personal beliefs or feelings.

Evaluative

Relating to the assessment or judgment of the performance, value, or quality of someone or something.