Question: Please explain the difference between the quota and tariff in terms of international trade policy analyses. Can we say one is better compared to another?

Please explain the difference between the quota and tariff in terms of international trade policy analyses. Can we say one is better compared to another? Why? You have to explain the reasoning of your answer and provide graphical illustrations if necessary.

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The quality of the argumentation

The status rule: We tend to have more confidence in information presented by someone who has a relatively high status and rank in society than by someone who hasnt.

The spatial rule: The closer spatial proximity we have to an event, the more importance we will attach to it.