A Difference Between a Quota and a Tariff Is That

question 166

Multiple Choice

A difference between a quota and a tariff is that

• A) a tariff generates a higher price than a quota does.
• B) a tariff generates a greater reduction in exports.
• C) a quota increases profits of domestic producers more than a tariff does.
• D) the government collects revenues from a tariff, which does not happen with a quota.

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Definitions:

Due Process Protections

Guarantees under the law that provide individuals the right to fair procedures and trials.

Superseniority

A policy within unions that grants certain union officials higher priority for job retention during layoffs, over and above that based on tenure or performance.

Interest Arbitrator

An impartial third party who resolves disputes between labor unions and employers by making binding decisions.

Grievance Disputes

Conflicts arising from alleged violations of workplace agreements or contracts, often resolved through negotiated procedures.