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A tariff is a tax on trade; a quota is a restriction on trade within a certain time or date.
Tariff And Import Quota
A tariff is a tax on an imported good. An import quota (as I assume you mean) is a limit on the amount of a good which is allowed to be imported. One regulates price, the other supply.
To reduce competition from foreign producers.
A tariff or a quota increase the cost to the consumer. A tariff adds an additional cost to a product. As a result the consumer loses. Sometimes the supplier loses. A supplier in a distant land has the retail cost of his product go up under a tariff. If people can not afford the cost he will sell less. As a result he might lose. His workers might lose jobs if the product does not sell. His government might lose. Under a quota system, there may or may not be a loss. In the late 1970s, the government put a quota on Japanese cars. That created a shortage. Dealers added several thousand dollars to the cost of each car. The customer lost. The manufacturer lost.
A tariff is a tax on trade; a quota is a restriction on trade within a certain time or date.
Tariff And Import Quota
An import quota is a limit on the amount of goods that can ENTER a country.
Tariff: the government puts a high tax on sugar made in other countries quota: the government limits the import of sugar from other countries subsidy: the go pays sugar garnered to keep sugar prices low
Import quota will decrease the international supply curve and thus, decreasing the quantity supplied internationally while increasing the quantity supplied domestically.
import quoata
An import quota sets a physical limit on the amount of goods that may be imported during a given period. An export quota does the same for a nation's exports.
A tariff is a tax on an imported good. An import quota (as I assume you mean) is a limit on the amount of a good which is allowed to be imported. One regulates price, the other supply.
To reduce competition from foreign producers
QUOTA
The taxfree quota for bringing cigarettes into Norway is one carton, 200 cigarettes.There is no quota in bringing cigarettes out of Norway, only the import quota in the country you are travelling to.
two of the main trade barriers are tariff and quota.