Which of the Following Statements About a Tariff and a Quota

question 102

Multiple Choice

Which of the following statements about a tariff and a quota is true?

• A) With a tariff the government collects revenues,but not with a quota.
• B) With a quota the quantity of imports falls,but not with a tariff.
• C) With a tariff the domestic price of the good increases,but not with a quota.
• D) With a quota the domestic production of the good increases,but not with a tariff.
• E) all of the above

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Definitions:

Uncertainty Avoidance

A cultural dimension that describes the degree to which people in a society feel uncomfortable with ambiguity, uncertainty, and risk, influencing behaviors and practices.

Myth

A traditional story or belief that embodies the values and ideals of a society or group, often used in branding to convey complex ideas simply.

Power Distance

The extent to which less powerful members of institutions and organizations accept that power is distributed unequally.

Symbolic Elements

Components or aspects of something that represent or stand for something else, often carrying particular meanings or messages.