A Major Difference Between a Tariff and a Quota Is

question 22

Multiple Choice

A major difference between a tariff and a quota is that a tariff

• A)​will reduce the ability of foreigners to obtain the purchasing power to buy a nation's export goods, but a quota will not affect the demand of foreigners for the nation's exports.
• B)​typically generates tax revenue while a quota does not.
• C)​can easily be rescinded but a quota cannot.
• D)​will reduce imports but a quota generally will not.

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