Given That a Tariff, Quota, and VRA Are All Equally

question 9

Essay

Given that a tariff, quota, and VRA are all equally effective at restricting imports, why would one be preferred over another?

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Definitions:

Economic Inequality

The unequal distribution of wealth, income, or resources among individuals or groups within a society.

Income

Income is the financial gain or earnings received by an individual or household from work, investments, or other sources during a given period of time.

Whites

Refers to individuals of European descent.

Puerto Rico

An island territory of the United States located in the Caribbean Sea, with a rich blend of cultural influences and its own distinct identity.