Question

Which statement BEST reflects the difference between tariffs and quotas?


A)
Tariffs raise prices on exports, while quotas set limits on imports.


B)
Tariffs raise prices on imports, while quotas set limits on exports.


C)
Tariffs raise prices on exports, while quotas set limits on exports.


D)
Tariffs raise prices on imports, while quotas set limits on imports.

Answer 1

@confluxepic

Answer 2

What do you think it is? @HappySprout

Answer 3

This one I have no idea

Answer 4

Tariffs are always imposed on imports.

Answer 5

So it would be either B or D

Answer 6

Quotas is also on imports.

Answer 7

Yes.

Answer 8

Oh so it is D because they are on both imports

Answer 9

Yes.

Answer 10

Thank you! I have more. I'll tag you.

Answer 11

Ok. :)