Differentiate between effects of tariff and effects of quota
Tariffs and quotas both raise the price of foreign goods to domestic consumers. What is the difference between the effects of a tariff and the effects of a quota on the following?
a. The domestic government
b. Foreign producers
c. Domestic producers
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Tariffs and quotas both raise price of foreign goods to domestic consumers. Write the difference between effects of a tariff and effects of quota on following?
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