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Tariffs, Quotas and the Terms of Trade

Yeong-Her Yeh

The American Economist, 1992, vol. 36, issue 2, 81-84

Abstract: This paper attempts to show another difference between tariffs and quotas in their economic effects. While a country's terms of trade could deteriorate after it imposes a tariff, a country's terms of trade will always improve after it imposes an import quota or an export quota. The offer curve approach is used in this study.

Date: 1992
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Persistent link: https://EconPapers.repec.org/RePEc:sae:amerec:v:36:y:1992:i:2:p:81-84

DOI: 10.1177/056943459203600211

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