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Import Quotas and VERs
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Import Quotas and VERs
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9. International Trade / Import Quotas and VERs / Problem 3
Problem 3
Which of the following is a key difference between a tariff and an import quota?
A
An import quota generates government revenue, while a tariff does not.
B
Neither generates government revenue.
C
Both generate government revenue.
D
A tariff generates government revenue, while an import quota does not.
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