The Basic Difference in the Economic Effects of a Tariff

question 109

Multiple Choice

The basic difference in the economic effects of a tariff compared with a quota is that a

• A) quota reduces domestic consumption of the product, but a tariff does not.
• B) tariff allows imports to increase if demand increases, whereas a quota does not.
• C) tariff raises product prices, but a quota does not.
• D) quota raises product prices, but a tariff does not.

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A physical, mental, or emotional factor that causes bodily or mental tension.

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A healthcare term referring to a patient who is experiencing feelings of anger, possibly due to pain, fear, or frustration with their medical treatment.