In Contrast to a Tariff,a Quota Does Not

question 145

Multiple Choice

In contrast to a tariff,a quota does not

• A) reduce consumers' surplus.
• B) increase producers' surplus.
• C) generate revenues for government.
• D) raise price.
• E) c and d

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Definitions:

Calmer

A descriptor for a state or condition of reduced agitation, excitement, or disturbance, leading to increased peace or tranquility.

Diabetes Mellitus

A chronic disease characterized by elevated levels of glucose in the blood due to the body's inability to produce or properly use insulin.

Intermediate-Acting Insulin

A type of insulin with a slower onset and longer duration of action than rapid-acting insulin, used in diabetes management.