4. A graphical comparison of tariffs and quotas Borzia and Ardon are small countries that protect their economic growth from rapidly advancing globalization by limiting the import of televisions to 40 million. To this end, each country imposes a different type of trade barrier when the world price (PW) is $2,000. In Borzia, the government decides to impose a tariff of \$2,000 per television; in Ardon, the government implements a quota of 40 million televisions. Assume that Borzia and Ardon have identical domestic demand (D0) and supply (S) curves for televisions as shown on the following graph. Under these conditions, the price of televisions is $4,000 per television in each country. Assuming Borzia keeps the tariff at $2,000 per television, complete the first row of the following table by calculating each of the values given this increase in demand. Assuming Ardon maintains a quota of 40 million televisions, complete the second row of the table by calculating each of the values given this increase in demand. True or False: The increase in demand helps both domestic producers and consumers in Ardon. True False Which of the following explain why a quota is a restrictive trade barrier than an equivalent tariff. Check all that apply. A quota ensures the domestic industry a ceiling on imports. By foreclosing the market mechanism, a quota suppresses competition. A foreign producer may offset the quota by the price reductions