Which of the Following Is a Difference Between an Import

question 57

Multiple Choice

Which of the following is a difference between an import quota and a tariff?

• A)An import quota generates revenue for the domestic government, but a tariff does not.
• B)An import quota generates no revenue for the domestic government, but a tariff does.
• C)A tariff decreases the price of a good, but a quota does not.
• D)A tariff decreases the quantity of a good demanded in the domestic market, but a quota does not.
• E)A tariff increases the quantity of a good supplied in the domestic market, but a quota does not.

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Definitions:

Recall

The act of retrieving information or facts from one's memory without having the information present for reference, differing in context as a duplicated term but synonymous with retrieving learned information.

Priming

The process by which exposure to a stimulus influences a response to a subsequent stimulus, without conscious guidance or intention.

Savings Method

A technique in psychology to measure the retention of learned material over time by assessing the amount of review required to relearn it.

False Positive

An error in data reporting in which a test result improperly indicates the presence of a condition (like a disease) when it is not actually present.