This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: A tariff differs from a quota in that a tariff is a. levied on imports, whereas a quota is imposed ... (Read 184 times)

piesebel

  • Hero Member
  • *****
  • Posts: 565
on: Jun 30, 2018
A tariff differs from a quota in that a tariff is
 a. levied on imports, whereas a quota is imposed on exports.
 b. levied on exports, whereas a quota is imposed on imports.
 c. a tax levied on exports, whereas a quota is a limit on the number of units of a good that can be exported.
 d. a tax imposed on imports, whereas a quota is an absolute limit to the number of units of a good that can be imported.

Question 2

What distinguishes public goods from private goods?


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

mmpiza

  • Sr. Member
  • ****
  • Posts: 354
Reply #1 on: Jun 30, 2018
Answer to Question 1

d

Answer to Question 2

Public goods are both nonrival in consumption (one person's consumption does not diminish another's) and nonexclusive (you cannot prevent nonpaying individuals from benefiting from the good). Private goods are both rivalrous and exclusive. One's consumption of such a good does diminish another's, and you can keep nonpaying individuals from consuming the good or service.


piesebel

  • Member
  • Posts: 565
Reply 2 on: Jun 30, 2018
Great answer, keep it coming :)

Joy Chen

  • Member
  • Posts: 354
Reply 3 on: Yesterday
Wow, this really help

« previous next »
 

Did you know?

Street names for barbiturates include reds, red devils, yellow jackets, blue heavens, Christmas trees, and rainbows. They are commonly referred to as downers.

Did you know?

The first oncogene was discovered in 1970 and was termed SRC (pronounced "SARK").

Did you know?

The highest suicide rate in the United States is among people ages 65 years and older. Almost 15% of people in this age group commit suicide every year.

Did you know?

In 1835 it was discovered that a disease of silkworms known as muscardine could be transferred from one silkworm to another, and was caused by a fungus.

Did you know?

Acetaminophen (Tylenol) in overdose can seriously damage the liver. It should never be taken by people who use alcohol heavily; it can result in severe liver damage and even a condition requiring a liver transplant.

U.S. oil imports U.S. oil imports
Cervical cancer (a) Top view of the uterus showing the presence of a tumor in the wall of the cervix Cervical cancer (a) Top view of the uterus showing the presence of a tumor in the wall of the cervix
Dental topography differs between A. Afarensis and H. erectus, suggesting the australopithecine teet Dental topography differs between A. Afarensis and H. erectus, suggesting the australopithecine teet
A Dorsal view of a scan of the hand phalange of a child from Denisova that yielded mtDNA that differ A Dorsal view of a scan of the hand phalange of a child from Denisova that yielded mtDNA that differ
Suppose a country imports televisions. The country's supply and demand curves are shown in ... Suppose a country imports televisions. The country's supply and demand curves are shown in ...
Video: Mendel's Principles of Inheritance (Father of Genetics)

For a complete list of videos, visit our video library