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Author Question: A crucial difference between the impact of an import quota compared to a tariff is that: a. import ... (Read 121 times)

bcretired

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  • Posts: 525
on: Jun 30, 2018
A crucial difference between the impact of an import quota compared to a tariff is that:
 a. import quotas generate revenue to the domestic government, but tariffs do not.
  b. import quotas generate no revenue to the domestic government, but tariffs do.
  c. tariffs increase the prices paid by domestic consumers, but quotas do not.
 d. both (a) and (c)

Question 2

Which of the following is a rival good that is nonexcludable?
 a. public good
 b. private good
 c. common resource
  d. none of the above


beccamahon

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Reply #1 on: Jun 30, 2018
Answer to Question 1

b

Answer to Question 2

c


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