Importers prefer quotas because they receive higher prices. Government prefers a tariff because the tariff brings in revenue for government. An inefficient customs agency can have the same effect as a...

Importers prefer quotas because they receive higher prices. Government prefers a tariff because the tariff brings in revenue for government. An inefficient customs agency can have the same effect as a trade restriction, and if trade restrictions would help the country, then it is possible that an inefficient customs agency could also help the country.

May 18, 2022
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