Although both tariffs and quotas are tools used to restrict or reduce trade, which of the statements best describes their differences? which sentence is true? Tariffs are a subsidy for exported goods, and quotas act as a minimum limit of exports. Tariffs are a tax on imported goods, and quotas are limits on the number of imported goods. Tariffs are a tax on exported goods, and quotas are limits on the number of exported goods. Tariffs are a tax on imported goods, and quotas are limits on the number of exported goods. Quotas are a tax on imported goods, and tariffs are a tax on imported goods.
Although both tariffs and quotas are tools used to restrict or reduce trade, which of the statements best describes their differences? which sentence is true? Tariffs are a subsidy for exported goods, and quotas act as a minimum limit of exports. Tariffs are a tax on imported goods, and quotas are limits on the number of imported goods. Tariffs are a tax on exported goods, and quotas are limits on the number of exported goods. Tariffs are a tax on imported goods, and quotas are limits on the number of exported goods. Quotas are a tax on imported goods, and tariffs are a tax on imported goods.
Chapter28: International Trade And Finance
Section: Chapter Questions
Problem 18SQ
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Although both tariffs and quotas are tools used to restrict or reduce trade, which of the statements best describes their differences? which sentence is true?
Tariffs are a subsidy for exported goods, and quotas act as a minimum limit of exports.
Tariffs are a tax on imported goods, and quotas are limits on the number of imported goods.
Tariffs are a tax on exported goods, and quotas are limits on the number of exported goods.
Tariffs are a tax on imported goods, and quotas are limits on the number of exported goods.
Quotas are a tax on imported goods, and tariffs are a tax on imported goods.
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