Both tariffs and quotas result in fewer imports being sold in a country.

Name: Both tariffs and quotas result in fewer imports being sold in a country.
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Question

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Tariffs increase the cost of imported goods, making them less competitive compared to domestic products, while quotas directly limit the quantity of goods that can be imported, both leading to fewer imports being sold in the country.

Both Tariffs and Quotas Result in Fewer Imports Being Sold