Influence of a quota
How would the influence of a quota which creates the simialr amount of imports differ?
Expert
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.
Cash Basis of Accounting: The base of accounting in which expenditures and revenues are recorded whenever cash is received or distributed.
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