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Tariffs, taxes on imports, raise the price of imported goods, which increases the demand and price for the same goods produced by domestic suppliers. Revenues from tariffs are collected by the domestic government.
Quotas put a legal limit on the amount that can be imported, creating shortages which cause prices to rise...
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Tariffs, taxes on imports, raise the price of imported goods, which increases the demand and price for the same goods produced by domestic suppliers. Revenues from tariffs are collected by the domestic government.
Quotas put a legal limit on the amount that can be imported, creating shortages which cause prices to rise...
Essay fragment
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tarde restrictions
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