ECO402 GDB - solution soon
Saturday, July 02, 2011 Posted In Eco Edit ThisDiscuss Question:
Suppose government wants to encourage textile and clothing domestically, but its price is higher than its imported substitute. Government can use import tariff or quota, on what basis government will decide either to impose import tariff or fix quota to get maximum benefits?
Suppose government wants to encourage textile and clothing domestically, but its price is higher than its imported substitute. Government can use import tariff or quota, on what basis government will decide either to impose import tariff or fix quota to get maximum benefits?
Note: Your solution must be within 75-100 words.
