Import quotas and tariffs produce some common results.Which of the following is not one of those common results?
A)Total surplus in the domestic country falls.
B)Producer surplus in the domestic country increases.
C)The domestic country experiences a deadweight loss.
D)Revenue is raised for the domestic government.

Question

Quizplus · Accepted Answer

Import quotas do not raise revenue for the domestic government, unlike tariffs which do generate revenue through taxes on imported goods.

Import Quotas and Tariffs Produce Some Common Results