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Would consumers benefit more from the tariff or quota on

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Would consumers benefit more from a tariff or a quota on imports? Provide one (1) supporting fact to support your response. Consider the following weekly production possibilities of gloves and hats in Panama and Russia:

Russia Panama

Gloves 20 180

Hats 80 90

What is each country's opportunity cost of producing gloves and hats? If the countries could, should they trade? Provide one (1) supporting fact to support your position.

Reference no: EM13391677

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