Tariffs and quotas are different in the sense that
A)tariffs cause deadweight losses,while quotas do not cause deadweight losses.
B)tariffs raise revenue for the government,while quotas do not raise revenue for the government.
C)tariffs enhance the well-being of domestic consumers,while quotas diminish the well-being of domestic consumers.
D)tariffs enhance the well-being of domestic producers,while quotas diminish the well-being of domestic producers.

Question

Quizplus · Accepted Answer

Tariffs are taxes on imports that generate revenue for the government, whereas quotas limit the quantity of imports and do not directly generate revenue.

Tariffs and Quotas Are Different in the Sense That