1. From an economic-efficiency perspective, the basic issue with quotas and tariffs is that they cause:
3. a.each country will be inside its production frontier and as a result the world as a whole will also be inside its production-possibilities frontier
5. b.Potentially all countries could may be on their production-possibilities frontier but the world as a whole will be below its production-possibilities frontier.
6. c.the rich to get the lion share relative to the poor.
8. d.On a worldwide scale too many of the protected goods will be produced and too few of the unprotected ones