Quotas enable the government to satisfy the self-interest of people who earn their incomes in import-competing industries.

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Quotas enable the government to satisfy the self-interest of people who earn their incomes in import-competing industries. You will see that like a tariff, a quota on imports decreases the gains from trade and is not in the social interest.

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Figure 9.7 The Effects of an Import Quota The Effects of an Import Quota

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Foundations Of Microeconomics

ISBN: 9780134491981

8th Edition

Authors: Robin Bade, Michael Parkin

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Question Posted: Nov 11, 2024 02:00 AM

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Quotas enable the government to satisfy the self-interest of people who earn their incomes in import-competing industries.

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Foundations Of Microeconomics

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