Consider the following statement: Quotas are a hidden tax on consumers, whereas tariffs are a more obvious

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Consider the following statement: “Quotas are a hidden tax on consumers, whereas tariffs are a more obvious one.” What does this mean?

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Marketing

ISBN: 9780077861032

12th Edition

Authors: Roger Kerin, Steven Hartley, William Rudelius

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Question Posted: Jul 21, 2024 06:01 AM

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Explain what is meant by this statement: Quotas are a hidden tax on consumers, whereas tariffs are a more obvious one.
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Consider the following statement: Quotas are a hidden tax on consumers, whereas tariffs are a more obvious

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Marketing

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