Using specific welfare effects of both a tariff and a quota

Reference no: EM13691002

Using specific welfare effects of both a tariff and a quota, explain why ececonomist generally prefer tariffs to quotas? (A simple partial equilibrium diagram may be helpful).

Reference no: EM13691002

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Using specific welfare effects of both a tariff and a quota : Using specific welfare effects of both a tariff and a quota, explain why ececonomist generally prefer tariffs to quotas?

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