Quotas and Tariffs Are Similar in That They Both

question 15

Multiple Choice

Quotas and tariffs are similar in that they both

• A) generate revenue for the government that imposes them.
• B) increase the prices of goods and services in the domestic market.
• C) increase the revenues of the firms importing the goods and services.
• D) harm domestic and foreign producers.
• E) harm domestic and foreign consumers.

---

Definitions:

Finite Population Correction

A factor applied in sampling to adjust estimates when the sample is a significant portion of the population, improving accuracy.

Standard Error

A statistical measure that quantifies the variability or dispersion of a sample mean around the population mean.

Population Size

The total number of individuals or items in the group that is being studied in a statistical analysis.

Normal Population

A statistical term referring to a population that follows a normal distribution where a large number of instances are clustered around the mean.