Explain How an Import Quota Might Be More Inefficient Than

question 17

Essay

Explain how an import quota might be more inefficient than an import tariff that has the same impact on prices.

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Definitions:

Amount of Time

The duration or span during which an event occurs or an action takes place.

Varies

To differ in size, amount, degree, or nature from something else in a group, set, or series.

Oral Reprimands

Verbal warnings or admonishments given to an employee for unsatisfactory performance or behavior.

Specific Behaviors

Particular actions or conduct exhibited by individuals in various situations, often observed to understand or predict psychological phenomena.