Which is the most accurate statement?

A) If most economists had to choose between a tariff and a quota,she or he would choose a tariff as the lesser of two evils.
B) Both tariffs and quotas are basically good for our economy because they keep out foreign imports.
C) Tariffs and quotas are equally bad for our economy.
D) Most economists prefer import quotas to tariffs.

Tariffs And Quotas

Policies and restrictions that countries use to control the amount of goods coming into and going out of the country to protect domestic industries from foreign competition.

Lesser Of Two Evils

A principle that suggests choosing the option that is considered less harmful or less undesirable among two poor choices.

Foreign Imports

Products or services imported from other countries for the purpose of being sold.