Week 5 Discussion 2

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 Who gains and who loses from a tariff? How do the effects of tariffs differ from the effects of quotas? If you were a small country, what would you rather utilize? 



 

Amacher, R., & Pate, J. (2013). Microeconomics principles and policies [Electronic version]. 

Chapter 12: Marginal Productivity Theory and Labor Markets

Chapter 13: Poverty, Inequality, and Income Redistribution Policies

Chapter 14: Government Failure and Public Choice

Chapter 15: Global Trade

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