QuestionAugust 16, 2025

Tariffs provide a government with revenue while protecting domestic industries. Quotas only limit the quantity of imported goods to protect domestic industries and don't provide a government with revenue. True False

Tariffs provide a government with revenue while protecting domestic industries. Quotas only limit the quantity of imported goods to protect domestic industries and don't provide a government with revenue. True False
Tariffs provide a government with revenue while protecting domestic industries. Quotas only limit the quantity of imported goods to protect domestic
industries and don't provide a government with revenue.
True
False

Solution
4.6(272 votes)

Answer

True Explanation 1. Analyze Tariffs Tariffs are taxes on imports, generating revenue for the government and protecting domestic industries by making imported goods more expensive. 2. Analyze Quotas Quotas limit the quantity of imports, protecting domestic industries without generating revenue for the government.

Explanation

1. Analyze Tariffs<br /> Tariffs are taxes on imports, generating revenue for the government and protecting domestic industries by making imported goods more expensive.<br />2. Analyze Quotas<br /> Quotas limit the quantity of imports, protecting domestic industries without generating revenue for the government.
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