Economics 9708 · AS & A Level · Protectionism

Protectionism — practice question

Which statement regarding the effects of a tariff and a quota is correct?

  • AA tariff leaves the quantity of imports unchanged while a quota decreases the quantity of imports.
  • BA tariff raises government revenue while a quota benefits the seller of the imports.
  • CA tariff raises the price of imports while a quota leaves import prices unchanged.
  • DA tariff shifts the supply curve of imports while a quota shifts the demand curve for imports.

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