Tariffs and Quotas Are Different in the Sense That

question 7

Multiple Choice

Tariffs and quotas are different in the sense that

• A)tariffs cause deadweight losses,while quotas do not cause deadweight losses.
• B)tariffs raise revenue for the government,while quotas do not raise revenue for the government.
• C)tariffs enhance the well-being of domestic consumers,while quotas diminish the well-being of domestic consumers.
• D)tariffs enhance the well-being of domestic producers,while quotas diminish the well-being of domestic producers.

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Definitions:

U.S. Discrimination Laws

Laws that prohibit discrimination on the basis of race, color, religion, sex, national origin, age, disability, or genetic information.

Foreign Country

A foreign country is a nation with sovereignty and territorial boundaries that is distinct from one's own country.

Sovereign Immunity

A legal doctrine that protects a sovereign state or its governmental units from being sued without its consent.

Act Of State Doctrine

A doctrine that provides that the judicial branch of one country will not examine the validity of public acts committed by a recognized foreign government within its own territory.