What is an import quota? How is it mostly used today? What are the partial equilibrium effects

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What is an import quota? How is it mostly used today? What are the partial equilibrium effects of an import quota? How are they similar to and different from the effects of an equivalent import tariff?

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International Economics

ISBN: 978-1118955765

12th edition

Authors: Dominick Salvatore

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Question Posted: Oct 27, 2017 09:27 AM

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What is an import quota? How is it mostly used today? What are the partial equilibrium effects

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An import quota is a nontariff barrier to the quantity of imports and exports that can be allowed in...View the full answer

International Economics

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