Problem
1. When might a country prefer to impose quotas on imports rather than levy a tariff?
2. If the Uruguay Round succeeds, some countries will suffer. Why is this?
3. In what circumstances will the imposition of a quota lead to an increase in import expenditures?
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.