how-does-the-economic-outcome-of-a-tariff-differ-from-an-import-quota-in-terms-o

Question

How does the economic outcome of a tariff differ from an import quota in terms of government revenue?

Accepted Answer

A tariff generates government revenue, while an import quota does not.

Answer

Both generate government revenue.

Answer

An import quota generates government revenue, while a tariff does not.

Answer

Neither generates government revenue.