Quotas are often favored over tariffs as import restrictions because:
I.They are more flexible tools for regulating imports.
II.It is easier for government policy makers to assess the potential impact of a quota.
A) I only.
B) II only.
C) Both I and II.
D) Neither I nor II.

Question

Quizplus · Accepted Answer

Quotas are more flexible than tariffs because they can be adjusted more easily to meet changing economic conditions. It is also easier for policymakers to assess the potential impact of a quota because the quantity of imports is fixed.

Quotas Are Often Favored Over Tariffs as Import Restrictions Because