Imagine Mexico is considering using an import quota rather than a tariff to protect its domestic automobile

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Imagine Mexico is considering using an import quota rather than a tariff to protect its domestic automobile industry. How does the outcome differ from that of a tariff?

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Microeconomics

ISBN: 978-1259163531

1st edition

Authors: Dean Karlan, Jonathan Morduch

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Question Posted: Nov 27, 2015 02:26 AM

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Imagine Mexico is considering using an import quota rather than a tariff to protect its domestic automobile

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A quota is a cap on the quantity of imports rather than ...View the full answer

Microeconomics

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