The main difference between a tariff and an import quota is that: A) an import quota reduces imports more sharply

The main difference between a tariff and an import quota is that: A) an import quota reduces imports more sharply than a tariff. B) a tariff will cause higher prices than an import quota. C) a tariff generates tax revenue, while an import quota generates rents to the license holders. D) a tariff will cause lower prices than an import quota.

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