Question: What is the difference between a tariff and a quota? O In case of a tariff the government gains revenue. 0 In case of a

What is the difference between a tariff and a quota? O

What is the difference between a tariff and a quota? O In case of a tariff the government gains revenue. 0 In case of a quota imports get reduced while in case of a tariff they do not. Q In case of a quota domestic producers lose. 0 In case of a tariff consumers lose, while in case of a quota they do not

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