What would be the likely benefits and costs of such a policy

Reference no: EM131900102

Problem

1. Rather than generating tax revenue as do tariffs, subsidies require tax revenue. Therefore, they are not an effective protective device for the home economy. Do you agree?

2. In 1980, the u.s. auto industry proposed that import quotas be imposed on foreign-produced cars sold in the United States. What would be the likely benefits and costs of such a policy?

Reference no: EM131900102

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