Question: #1614

ECO372 Week 5 Discussion Question 2

Who benefits from a tariff or quota? Who loses? Why would domestic markets benefit from protectionist trade policies? How do protectionist trade policies affect a government’s wealth and fiscal policy?

Solution: #1599

ECO372 Week 5 Discussion Question 2

Who benefits from a tariff or quota? - The country that is importing the goods benefits from a tariff. There are several types of tariffs and barriers: specific tariffs, ad valorem t...
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