Question: 22) One difference between tariff and quota is that: a) tariff is effective while quota is not. b) quota is effective while tariff is not.

22) One difference between tariff and quota is that: a) tariff is effective while quota is not. b) quota is effective while tariff is not. c) tariff is a physical limit on quantity of imports while quota is monetary tax on imports. d) quota is a physical limit on quantity of imports while tariff is a monetary tax imporst. e) none of the above

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