What are the differences between a tariff and a quota

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Reference no: EM131393448

a. What are the differences between a tariff and a quota?

b. Why are quotas considered a greater threat to competition than tariffs?

c. How do the effects of a voluntary restraint agreement differ from a tariff?

d. During the Great Depression the United States enacted trade restrictions to protect workers in domestic industries. Explain the negative effects of the trade restrictions .

Reference no: EM131393448

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