Question: What is the difference between a tariff and a quota? O In case of a tariff the government gains revenue. 0 In case of a

What is the difference between a tariff and a quota? O

In case of a tariff the government gains revenue. 0 In case

What is the difference between a tariff and a quota? O In case of a tariff the government gains revenue. 0 In case of a quota imports get reduced while in case of a tariff they do not. Q In case of a quota domestic producers lose. 0 In case of a tariff consumers lose, while in case of a quota they do not

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Economics Questions!

Q:

What is the difference between a tariff and a quota? O In case of a tariff the government gains revenue. 0 In case of a quota imports get reduced while in case of a tariff they do not. Q In case of a...

Q:

What is the difference between a tariff and a quota? O In case of a tariff the government gains revenue. 0 In case of a quota imports get reduced while in case of a tariff they do not. Q In case of a...

Q:

Eco4, solve in details Consider an economy where production uses labor (N), physical capital K and human capital H. Total output is given by Y = =K"/ N1-@-8. In this economy a fraction s of total...

Q:

Can someone help me with these? Using the diagram below Q10, 11, 12, show the domestic effect (in its market) of applying a tariff S u. liimports of melons: domestic domestic and which show it after?...

Q:

QUESTION 1 Suppose that the U.S. can make 15 cars or 20 bottles of wine with one year's worth of labor. France can make 10 cars or 18 bottles of wine with one year's worth of labor. From these...

Q:

QUESTION 1 Suppose that the U.S. can make 15 cars or 20 bottles of wine with one year's worth of labor. France can make 10 cars or 18 bottles of wine with one year's worth of labor. From these...

Q:

1) One difference between a tariff and a quota that both limit imports to the same quantity is that a Select one: a.quota gives more encouragement to domestic producers to become more competitive...

Q:

Question 1 (3 points) The best description of how a fixed exchange rate market determines the value of currency is _______________. a the value is set by a certain amount of gold which can be...

Q:

For the project, Students should read Chapter 19 and then write a short Chapter Summary, T he world is a giant shopping mall, and Americans are big spenders. For example, the U.S. population is less...

Q:

For the project, Students should read Chapter 19 and then write a short Chapter Summary, T he world is a giant shopping mall, and Americans are big spenders. For example, the U.S. population is less...

Q:

Sawyer and Sawyer, CPAs, audited the financial statements of Rattler Corporation that were included in Rattlers Form 10-K, which was filed with the SEC. Subsequently, Rattler Corporation went...

Q:

2.Alvin, Simon and Theodore have been in partnership for many years running a vets practice. The partnership agreement states that all drugs are only to be purchased from Dave. Theodore has been...

Q:

QUESTION 3 2 A sole proprietorship is limited to how many owners? 1 2 1 0 There is no limit to the number of owners.

Q:

10.Your company is giving a building on lease for 7 payments of Rs 120,000 per year along with the first payment taking at inception. The building will cost Rs 1000,000 to buy it. The building will...

Q:

Find the generol solution of the given differential equabion. y"- 2y'+y= e

Q:

The Scarlett letter by Nathelian Hawthorne is a romance or novel?

Q:

Consider a completely randomize design, t = 3, r = r2 = r3 = 5. The contrast c = 2 (H1 + H3) is orthogonal to O a. i H2. O b. none O c. H3 H2. O d. H3 H1

Q:

A pointer holds a memory address.

Q:

Personal role: This consists of service to family and friends.

Q:

The role of life: It consists of your own service to yourself.

Q:

Competence: What knowledge, skills and attitude do I have towards what I am going to do?