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Discuss the Differences Between a Tariff and a Quota

question 93

Essay

Discuss the differences between a tariff and a quota.Explain why quotas are considered to be a greater threat to competition than tariffs.


Definitions:

Torque

A measure of the force that can cause an object to rotate about an axis.

Centerline

The imaginary line that runs down the middle of a vehicle or component, marking its symmetrical axis.

Range Shift Cylinder

A hydraulic cylinder in transmission systems used to change the gear range, enabling different speed and power outputs.

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