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AsadQ1 AsadQ1
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2 months ago

Which of the following statements about a tariff and a quota is true?



▸

With a tariff the government collects revenues, but not with a quota.



▸

With a quota the quantity of imports falls, but not with a tariff.



▸

With a tariff the domestic price of the good increases, but not with a quota.



▸

With a quota the domestic production of the good increases, but not with a tariff.



▸

all of the above

Textbook 
Economics

Economics


Edition: 12th
Author:
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billykrabillykra
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2 months ago
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With a tariff the government collects revenues, but not with a quota.
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