If the U.S.government were to impose a quota on shoes imported from Italy,the

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Imposing a quota on shoes imported from Italy would reduce the total quantity of shoes purchased in the United States, as the supply of Italian shoes would be limited. This would subsequently increase the price of shoes in the United States, as demand would remain the same while supply decreases. Domestic shoe producers would benefit from the reduced competition, but consumers would face higher prices and limited options. This scenario is different from a tariff, which would generate revenue for the government from the imported shoes and would have a lesser impact on the total quantity purchased.

If the USgovernment Were to Impose a Quota on Shoes Imported from Imported