How does an import quota differ from a tariff? Can the government ever capture the quota rent?

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How does an import quota differ from a tariff? Can the government ever capture the quota rent? If so, how?

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International Economics

ISBN: 9780078021671

8th Edition

Authors: Dennis Appleyard, Alfred Field

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Question Posted: Dec 02, 2015 04:25 AM

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How does an import quota differ from a tariff? Can the government ever capture the quota rent?

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A quota differs from a tariff in that the quantity of imports is fixed and domestic price adjusts w...View the full answer

International Economics

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