Are Tariffs and Quotas Equivalent in their Economic Effects?

Get the answer of: Are Tariffs and Quotas Equivalent in their Economic Effects? Governments intervene in international trade for various reasons—economic and non-economic. Such intervention goes by the name protectionism. In fact, protectionism refers to any interference with free trade by the government of a country. Government control may be two forms - import control and export promotion. In general [...]