One big difference between tariffs and quotas is that tariffs:
a. stimulate international trade while quotas inhibit it.
b. generate tax revenues while quotas do not.
c. hurt domestic producers while quotas help them.
d. raise the price of a good while quotas lower it.
b
Economics
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Liquidity is defined as
A) the ease with which a given asset can be converted to a store of value. B) the ease with which a given asset can be converted to a unit of account. C) the ease with which a given asset can be converted to a standard of deferred payment. D) the ease with which a given asset can be converted to a medium of exchange.
Economics
The value of a household's assets minus the value of its liabilities is called
A) wealth. B) income. C) debt. D) stock.
Economics