Question
You're a national lawmaker for country A. Your political supporters are business owners. These business owners own factories that make product B and are complaining
You're a national lawmaker for country A. Your political supporters are business owners. These business owners own factories that make product B and are complaining about international competition for their product B. If you're going to implement a trade barrier (assuming trade barriers are allowed and not contested by anyone or any organization), which trade barrier would you choose for country A to implement?
a tariff is a tax.
a quota is a quantity limit.
A) Quota - because the domestic country implementing this will receive the tax revenue
B) Tariff - because the foreign country exporting will be able to charge a higher price
C) Tariff - because the domestic country implementing this will receive the tax revenue
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