Influence of a quota

How would the influence of a quota which creates the simialr amount of imports differ?

E

Expert

Verified

An import quota of QbQd would have the similar effects as the tariff, however there would be no tariff revenues to government through these imports; this revenue would effectively be transferred to foreign manufacture.

   Related Questions in Finance Basics

©TutorsGlobe All rights reserved 2022-2023.