Why is a quota more detrimental to an economy than a tariff that results in the same level of imports as the quota? What is the net outcome of either tariffs or quota for the world economy?
Chapter 24, Exerise Questions #6
Why is a quota more detrimental to an economy than a tariff that results in the same level of imports as the quota? What is the net outcome of either tariffs or quota for the world economy?
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Microeconomics Principles, Problems and Policies
20th edition
Authors: Campbell R. McConnell, Stanley L. Brue, Sean Masaki Flynn
ISBN: 978-1259450242