When might a country prefer to impose quotas on imports

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Reference no: EM132181647

Question: 1. When might a country prefer to impose quotas on imports rather than levy a tariff?

2. If the Uruguay Round succeeds, some countries will suffer. Why is this?

3. In what circumstances will the imposition of a quota lead to an increase in import expenditures?

The response must be typed, single spaced, must be in times new roman font (size 12) and must follow the APA format.

Reference no: EM132181647

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