In Comparing a Tariff and an Import Quota, We Find

question 151

Multiple Choice

In comparing a tariff and an import quota, we find that

• A)the tariff and quota both generate the same amount of revenue for the U.S. Treasury.
• B)the tariff generates revenue for the U.S. Treasury, but the quota does not.
• C)the quota generates revenue for the U.S. Treasury, but the tariff does not.
• D)neither the tariff nor the quota generates revenue for the U.S. Treasury.

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Definitions:

Quadrant Model

A strategic planning tool that divides information, risks, or activities into four quadrants to facilitate analysis and decision-making.

Independent Demand

The demand for a final product or service which is not directly related to the demand for other products or services within a supply chain.

Rivets

Metal pins or bolts used to fasten two pieces of material together, commonly used in construction, manufacturing, and aerospace industries.