Under what conditions could an import quota and a tariff have exactly the same effect on price and bring the same gains and losses (given a tariff level that restricts imports just as much as the quota would)? 41. Under what conditions could an import quota and a tariff have exactly the same offecton price and bring the same gains and losses (given a tariff level that restricts importsjust as much as the quota would)?

Government tries to protect the domestic industries from foreign competition with the help of…

Under what conditions could an import quota and a tariff have exactly the same effect on price and bring the same gains and losses (given a tariff level that restricts imports just as much as the quota would)?

Under what conditions could an import quota and a tariff have exactly the same effect on price and bring the same gains and losses (given a tariff level that restricts imports just as much as the quota would)?

Principles of Microeconomics

7th Edition

ISBN:9781305156050

Author:N. Gregory Mankiw

Publisher:N. Gregory Mankiw

Chapter9: Application: International Trade

Section: Chapter Questions

Problem 4CQQ

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41. Under what conditions could an import quota and a tariff have exactly the same offect
on price and bring the same gains and losses (given a tariff level that restricts imports
just as much as the quota would)?

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