A government is considering a quota or a tariff, both of which will reduce imports by the
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A government is considering a quota or a tariff, both of which will reduce imports by the same amount. Which does the government prefer, and why? Explain how your answer depends on the way that the quota is allocated.
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The preference between a quota and a tariff for reducing imports depends on various factors including economic goals political considerations and the specific circumstances of the country in question ...View the full answer
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