One big difference between tariffs and quotas is that tariffs
a. raise the price of a good while quotas lower it
b. generate tax revenues while quotas do not
c. stimulate international trade while quotas inhibit it
d. hurt domestic producers while quotas help them
e. generate the same outcome as free trade while quotas do not
B
Economics
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Which of the following is an example of a monopolistically competitive market?
A) The market for wheat B) The market for coffee beans C) The market for shampoo D) The market for premium cars
Economics
When the price of a product decreases, the marginal revenue product curve in a perfectly competitive market
A) does not change. B) becomes flatter. C) shifts to the right. D) shifts to the left.
Economics