Social Studies, 10.11.2019 06:31 kendrawalraven

Which statement best reflects the difference between tariffs and quotas?

a)
tariffs set limits on imports, while quotas raise prices on exports.

b)
tariffs set limits on exports, while quotas raise prices on imports.

c)
tariffs raise prices on exports, while quotas set limits on exports.

d)
tariffs raise prices on imports, while quotas set limits on imports.

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Which statement best reflects the difference between tariffs and quotas?

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