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:

Information Processing

The way in which information is absorbed, analyzed, stored, and retrieved by the human mind or computers.

Cognitive Development

The development of cognitive processes such as memory, problem-solving, and decision-making, from early childhood to adult age.

Psychosocial Theory

A theory proposed by Erik Erikson that outlines eight stages of psychological development influenced by social interactions.

Freud's Psychoanalytic

A theory of personality development, founded by Sigmund Freud, that emphasizes unconscious processes, childhood experiences, and sexual and aggressive drives.