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.

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Definitions:

DATEVALUE

A function in spreadsheet programs that converts a date in the form of text to a serial number representing the date.

TODAY Function

A function in many spreadsheet programs that returns the current date, updating each time the document is opened or recalculated.

Data Tables

Structures in software and databases designed to organize, store, and manage data in rows and columns for easy retrieval and analysis.

TIMEVALUE Function

A function in spreadsheet software that converts a time in the form of text to a serial number representing the time in the software's date-time code.