Question

Tariffs and quotas are SIMILAR because they both

O
A. increase trade between countries
O
B. restrict or limit trade between countries
C. completely stop trade between countries
o
D. make trading a lot easier between countries

Plsss help!

Answer 1

Both tariffs and import quotas reduce QUANTITY of imports raise domestic price of good decrees welfare of domestic consumers increase welfare of do Mestic producers and cause dead weight Carrier phrases revenue for the government import quota may not