Tariffs and import quotas differ in that A) one is a form of ...

[yoooooman]

Tariffs and import quotas differ in that
 
  A) one is a form of trade restriction, while the other is not.
  B) one is a tax, while the other is a limit.
  C) one is imposed by the government, while the other is imposed by the private sector.
  D) one is legal, while the other is not.

Question 2

The above table shows production combinations on a country's production possibilities frontier. Which of the following is an example of a production point that is inefficient?
 
  A) 0 units of good X and 40 units of good Y
  B) 6 units of good X and 28 units of good Y
  C) 10 units of good X and 16 units of good Y
  D) 3 units of good X and 35 units of good Y

[kaykay69]

Answer to Question 1

B

Answer to Question 2

D

[yoooooman]

Thanks for the timely response, appreciate it

[vickyvicksss]

Gracias!