A Key Difference Between Tariffs and Import Quotas Is That

A key difference between tariffs and import quotas is that

A) the government receives revenue with an import quota, but the importer makes a profit with a tariff.
B) domestic producers gain with a tariff and lose with an import quota.
C) consumers are hurt with import quotas but not with tariffs.
D) the government receives revenue with a tariff, but the importer makes a profit with an import quota.
E) consumers are hurt with tariffs but not with import quotas.

Correct Answer:

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