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Quotas limit the number of a product that can be imported while tariffs tax the goods that are being imported. Both of these are meant to limit the amount of the good that is traded.
Microeconomics: Principles, Problems, & Policies, 20th Edition
by McConnell, Campbell; Brue, Stanley; Flynn, Sean
Published by
McGraw-Hill Education
ISBN 10:
0077660811
ISBN 13:
978-0-07766-081-9
Chapter 24 - International Trade - Discussion Questions - Page 557: 6
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