QUESTION 2 A difference between a quota and a tariff is that a tariff generates a greater reduction in exports. the government collects revenues from a tariff, which does not happen with a quota. a quota increases profits of domestic producers more than a tariff does. a tariff generates a higher price than a quota does.

QUESTION 2 A difference between a quota and a tariff is that a tariff generates a greater reduction in exports. the government collects revenues from a tariff, which does not happen with a quota. a quota increases profits of domestic producers more than a tariff does. a tariff generates a higher price than a quota does.

International Financial Management

14th Edition

ISBN:9780357130698

Author:Madura

Publisher:Madura

Chapter8: Relationships Among Inflation, Interest Rates, And Exchange Rates

Section: Chapter Questions

Problem 2BIC

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