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.
Explain primary assumption behind the experience approach to forecasting?The experience approach to forecasting is depending on the supposition that things will happen a certain way in the future since they happened that way in the past. For exa
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