Tariffs and import quotas differ in that
A. one is a form of trade restriction, while the other is not.
B. one is a tax, while the other is a limit.
C. one is imposed by the government, while the other is imposed by the private sector.
D. one is legal, while the other is not.
Answer:B
Tariffs and import quotas differ in that
A. one is a form of trade restriction, while the other is not. B. one is a tax, while the other is a limit. C. one is imposed by the government, while the other is imposed by the private sector. D. one is legal, while the other is not.