Question

explain the tariff vs quotas? pls solve this question only economics department ​

Answer 1

Answer:

A tariff is a tax on imports. It is normally imposed by the government on the imports of a particular commodity. On the other hand, quota is a quantity limit. It restricts imports of commodities physically.

Answer 2

Quotas focus on limiting the quantities (or, in some cases, cumulative value) of a particular good that a country imports or exports for a specific period, whereas tariffs impose specific fees on those goods.

Hope it helps u

Mark me as brainliest