Discuss the relative merits of using quotas or tariffs, Macroeconomics

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Discuss the relative merits of using quotas or tariffs

Problem

Your country has decided to protect temporarily a major industry that is declining in the face of international competition. The options are to use quotas or tariffs on imports. Discuss the relative merits of using quotas or tariffs.

The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.

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Macroeconomics: Discuss the relative merits of using quotas or tariffs

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