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
A
You might also like to view...
A move from one point on a contract curve to another point on the contract curve will make
A) both individuals better off. B) both individuals worse off. C) one individual better off and the other individual worse off. D) the goods more expensive.
In game theory a listing of the rewards or punishments that each player will receive for each possible combination of strategies is called
a. the marginal strategy schedule b. the payoff matrix c. strategic planning d. the input-output matrix e. the game listing payoff