1. What do the welfare effects of an import quota differ from those of import tariff?

Macroeconomics
13th Edition
ISBN:9781337617390
Author:Roger A. Arnold
Publisher:Roger A. Arnold
Chapter21: International Trade
Section21.2: Trade Restictions
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1. What do the welfare effects of an import
quota differ from those of import tariff?
Transcribed Image Text:1. What do the welfare effects of an import quota differ from those of import tariff?
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