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What is the difference between a tariff and a quota

Task: Please help answer the following questions. Include references in the solution.

What is the difference between a tariff and a quota? What is the impact of a trade surplus? What is the impact of a trade deficit? How does politics affect international trade?

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Finance Basics: What is the difference between a tariff and a quota

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Finance Basics: What is the difference between a tariff and a quota

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