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Basic Question 15 of 17
Assume the United States government is considering imposing a trade barrier on the importation of foreign-made cars to protect the American automobile industry and its workers from foreign competition. Suppose the government is considering imposing either a tariff or a quota on foreign cars. If it is going to do one or the other, which would be most beneficial from the government's standpoint? Why?
User Contributed Comments 1
| User | Comment |
|---|---|
| khalifa92 | the space between the deadweight loss will be in favor for the importer country in case of quota |
I was very pleased with your notes and question bank. I especially like the mock exams because it helped to pull everything together.
Martin Rockenfeldt
Learning Outcome Statements
compare types of trade restrictions, such as tariffs, quotas, and export subsidies, and their economic implications
CFA® 2024 Level I Curriculum, Volume 1, Module 6.