Comparing tariffs, quotas, and subsidies

Which of the following statements regarding the relative costs and benefits of a tariff and a subsidy are correct?Check all that apply.

• A subsidy yields the same result for domestic producers as does an equivalent tariff or quota.
• A subsidy can be used by the government to generate tax revenue.
• In terms of the nation's welfare, a subsidy is more costly than an equivalent tariff or quota.
• Unlike tariffs, subsidies are funded from tax revenue.