How does an import quota differ from a tariff? Can the government ever capture the quota...

How does an import quota differ from a tariff? Can the government ever capture the quota rent? If so, how?

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Rahul Sunny answered 1 year ago

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

4) How does a tariff affect the government's revenue? How does an import quota affect the...

4) How does a tariff affect the government's revenue? How does an import quota affect the government's revenue? 5) Discuss the reasons why we see trade restrictions. Are any of these reasons valid? 6) Two arguments used to promote trade barriers are the infant-industry argument and the dumping argument. Explain each of these arguments and evaluate whether each one has any flaws.

Suppose that the Malaysian government is considering whether to impose an import tariff or quota to...

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Problem 4 “An import quota and a tariff have exactly the same effect on price, and...

Problem 4 “An import quota and a tariff have exactly the same effect on price, and bring the same gains and losses, provided that the import quota restricts imports just as much as the tariff.” Indicate one situation in which this statement is true, and another situation in which this statement is false.

2. (i) First describe in general, a tariff and an import quota. (ii) What are the...

2. (i) First describe in general, a tariff and an import quota. (ii) What are the primary differences between them? (iii) Using a diagram for each, show how an increase in demand would affect such macroeconomic variables as (a) the price, (b) imports, (c) domestic production and (d) government revenue, much as we did in class. Be sure to show these effects on your two graphs.

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