It is ______ that a tariff, unlike a quota, provides revenues to the government; it is ________ that a quota directly limits the quantity of a nation's imports from a specific country.
A. true; true
B. false; false
C. false; true
D. true; false
A. true; true
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Which of the following would encourage economic growth through increases in the capital stock?
A) an increase in household saving B) a decrease in the government deficit C) a change from an income tax to a consumption tax D) all of the above
Suppose that the federal government suddenly declared that wheat was to be used as money. What is a possible outcome of that decision?
A. The value of the "wheat dollar" would be unstable depending on crop yields from year to year. B. Farmers would replace corn and soy crops with wheat. C. Wheat would function as money so long as people accept it in exchange for goods and services. D. All of these are possible outcomes.