Which One of the Following Statements About Tariffs and Quotas

question 200

Multiple Choice

Which one of the following statements about tariffs and quotas is correct?

• A)Only the tariff produces revenues for the government.
• B)Only the quota will cause domestic production to increase.
• C)Only the quota will cause domestic prices paid by consumers to increase.
• D)Only the quota will cause the quantity of imports to decrease.
• E)Only the tariff will result in higher prices for domestic production.

---

Definitions:

Teotihuacán

An ancient Mesoamerican city located in what is now Mexico, known for its vast pyramids, temples, and murals, dating to the first millennium CE.

Ancestral Puebloans

Indigenous people of the Southwestern United States, known for their unique cliff dwellings and cultural contributions from approximately AD 100 to 1600.

Four Corners Region

An area in the Southwestern United States where the states of Arizona, New Mexico, Utah, and Colorado meet, known for its unique geological features and rich Native American heritage.

Painted Desert

A desert in the southwestern United States known for its colorful layers of sedimentary rock and unique geological features.