What Is the Difference Between a Tariff and a Quota

question 2

Multiple Choice

What is the difference between a tariff and a quota?

• A)A tariff causes an increase in the price,whereas a quota does not affect the price.
• B)Both a tariff and a quota will affect the price,but a tariff has no effect on the quantity,whereas a quota will lead to a reduction.
• C)Both a tariff and a quota will affect the price,but a tariff has no effect on the quantity,whereas a quota will lead to an increase.
• D)A quota affects all foreign producers equally,whereas a tariff does not.
• E)A tariff affects all foreign producers equally,whereas a quota does not.

---

Definitions:

Model Says

A figurative expression often used to defer to what a specific model, theory, or distinguished figure indicates or predicts.

Behavior Modeling

The use of observational learning, where individuals learn how to act or behave by watching and imitating others.

Theme Park

A large outdoor area designed for entertainment, containing rides, attractions, and shows based on a particular theme or themes.

Customer Service

The assistance and support provided by a company to those who buy or use its products or services.