Which of the Following Statements About a Tariff and a Quota

question 102

Multiple Choice

Which of the following statements about a tariff and a quota is true?

• A) With a tariff the government collects revenues,but not with a quota.
• B) With a quota the quantity of imports falls,but not with a tariff.
• C) With a tariff the domestic price of the good increases,but not with a quota.
• D) With a quota the domestic production of the good increases,but not with a tariff.
• E) all of the above