Compared to a tariff, a quota gives the government a better control over the quantity of imports.

Question

Quizplus · Accepted Answer

A tariff is a tax on imported goods, which can increase the cost of imports but does not necessarily limit the quantity of imports. A quota, on the other hand, sets a specific limit on the quantity of imports allowed, giving the government more precise control over the amount of foreign goods entering the domestic market.

Compared to a Tariff, a Quota Gives the Government a Better