Author Question: A difference between a quota and a tariff is that A) a tariff generates a higher price than does ... (Read 158 times)

kamilo84 · **on:** Jun 29, 2018

A difference between a quota and a tariff is that

A) a tariff generates a higher price than does a quota.
B) a tariff generates a greater reduction in exports than does a quota.
C) a quota increases profits of domestic producers more than does a tariff.
D) the government collects revenue from a tariff but does not collect revenue from a quota.

Question 2

A country's balance of payments accounts include all of the following EXCEPT the

A) military account.
B) current account.
C) capital and financial account.
D) official settlements account.