Why is a quota more detrimental to an economy than a tariff that results in the same

Question:

Why is a quota more detrimental to an economy than a tariff that results in the same level of imports as the quota?

What is the net outcome of either tariffs or quotas for the world economy? LO4

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question

Economics Principles Problems And Policies

ISBN: 9780073511443

19th Edition

Authors: Campbell Mcconnell ,Stanley Brue ,Sean Flynn

Question Posted: