An import tariff and an import quota both have the effect of protecting domestic producers from foreign competition.

Name: An import tariff and an import quota both have the effect of protecting domestic producers from foreign competition.
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Both an import tariff (a tax on imported goods) and an import quota (a limit on the amount of goods that can be imported) increase the cost or limit the availability of foreign goods, thereby reducing foreign competition and protecting domestic producers.

An Import Tariff and an Import Quota Both Have the Effect