A Difference Between a Quota and a Tariff Is That

A difference between a quota and a tariff is that

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

Correct Answer:

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