For a country that is considering the adoption of either a tariff or an import quota on a particular good, an important difference is that
a. an import quota has no effect on consumer surplus, while a tariff decreases consumer surplus.
b. an import quota has no effect on producer surplus, while a tariff decreases producer surplus.
c. a tariff raises total surplus, while an import quota does not.
d. a tariff raises revenue for that country's government, while an import quota does not.
d
Economics
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