An essential difference in the impact of import quotas as opposed to tariffs is that
A. import quotas generate no revenue for the government, whereas tariffs do.
B. tariffs result in price increases for the foreign goods affected, whereas quotas do not.
C. import quotas result in lower sales of foreign goods, whereas tariffs do not.
D. tariffs are protectionist, whereas import quotas are oriented toward free trade.
A. import quotas generate no revenue for the government, whereas tariffs do.
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In comparing actively managed mutual funds with those funds that simply buy and hold a large market portfolio (index funds), we would expect that
A) the actively managed funds provide a higher return than the index funds. B) the index funds provide a higher return after expenses than the actively managed funds. C) actively managed funds and index funds provide the same returns. D) index funds provide a lower return than actively managed funds only if taxes are taken into consideration.
Holding other things constant, if the Japanese Yen, depreciates, it makes the Japanese products
a. Less attractive to US customers b. More attractive to US customers c. Neither more nor less attractive to US customers d. None of the above
Many Democrats support raising the U.S. minimum wage. Critics of raising the minimum wage argue that minimum-wage laws are
a. too expensive for local governments to fund. b. too expensive for local governments to administer. c. imprecise in their ability to help the working poor. d. easy for businesses to pay.
Fiscal Policy is controlled by
A. Congress and the President. B. private banks. C. the Supreme Court. D. the Federal Reserve Board.