An Essential Difference in the Impact of Import Quotas as Opposed

question 9

Multiple Choice

An essential difference in the impact of import quotas as opposed to tariffs is that

• A)import quotas generate no revenue for the government,whereas tariffs do.
• B)tariffs result in price increases for the foreign goods affected,whereas quotas do not.
• C)import quotas result in lower sales of foreign goods,whereas tariffs do not.
• D)tariffs are protectionist,whereas import quotas are oriented toward free trade.
• E)tariffs result in greater profits than import quotas for the American industries protected.

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