Author Question: One big difference between tariffs and quotas is that tariffs: a. raise the price of a good while ... (Read 98 times)

stevenposner · **on:** Jun 30, 2018

One big difference between tariffs and quotas is that tariffs:
a. raise the price of a good while quotas lower it.
b. generate tax revenues while quotas do not.
c. stimulate international trade while quotas inhibit it.
d. hurt domestic producers while quotas help them.
e. give the same outcome as free trade while quotas do not.

Question 2

The consumption function shows the relationship between consumption and:
a. interest rates.
b. saving.
c. price level changes.
d. disposable income.