Influence of a quota
How would the influence of a quota which creates the simialr amount of imports differ?
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An import quota of QbQd would have the similar effects as the tariff, however there would be no tariff revenues to government through these imports; this revenue would effectively be transferred to foreign manufacture.
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Character of Expenditure: A classification recognizing the major purpose of expenditure, like State Operations, Local Assistance, Capital Outlay, or Unclassified.
Budget: It is a plan of operation stated in terms of financial or other resource necessities for a particular period of time.
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