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A month ago
Would consumers benefit more from a tariff or a quota on imports?
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Microeconomics: Principles, Applications, and Tools


Edition: 8th
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A month ago
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In both cases, the price of the good is higher than it would be under free trade. The difference lies in who collects the money. In the case of a quota, importers collect the money. In the case of a tariff, the government collects the money, which can then be used to reduce consumers' taxes or to finance public programs. So a tariff is more attractive from a consumer perspective.
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