What are tariffs and quotas?
A) policies that restrict trade among nations
B) instruments implemented to increase trade efficiency
C) measures of trade surpluses or deficits
D) policies meant to improve the well-being of consumers

Question

Quizplus · Accepted Answer

Tariffs and quotas are policies implemented by governments to restrict the flow of goods and services across borders, usually to protect domestic industries or for political reasons.

What Are Tariffs and Quotas