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Tariffs and Import Quotas Differ in That

Question 85

Multiple Choice

Tariffs and import quotas differ in that


A) one is a form of trade restriction, while the other is not.
B) one is legal, while the other is not.
C) one is a tax, while the other is a limit.
D) one is imposed by the government, while the other is imposed by the private sector.
E) one increases imports, while the other decreases imports.

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