A Difference Between a Quota and a Tariff Is That

question 124

Multiple Choice

A difference between a quota and a tariff is that with a quota the

• A) person who has the right to import the good captures an extra gain.
• B) exporting government collects an extra gain in the form of revenue.
• C) importing government collects an extra gain in the form of revenue.
• D) domestic consumers are not harmed.

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Definitions:

Sales Presentation

A pitch or demonstration given to potential buyers with the aim of promoting and selling a product or service.

Radio Commercials

Advertising messages broadcasted on radio stations to reach a wide audience with the intent of promoting products or services.

Idea Development

The process of refining and enhancing an idea or concept to increase its potential for success or applicability.

Dramatization

The theatrical presentation of products.