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What Are the Effects of a Tariff, and Who Benefits

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What are the effects of a tariff, and who benefits and who loses when tariffs are imposed? What are the effects of a quota, and who benefits and who loses when quotas are imposed?


Definitions:

Merchandise Inventory

The value of a company's goods that are ready for sale to customers during an accounting period.

Increases Assets

Transactions or events that enhance the economic resources controlled by a business.

Purchase Requisition

An internal document used within an organization to request authorization for a purchase before a purchase order is issued.

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