how does an import quota differ from a tariff?

 

How does an import quota differ from a tariff? Do you know any differences between Tariff and Tax? Please explain in details types of taxes and tariffs. Can the government ever capture the tariffs or/and taxes? If so, how? Provide with real examples from your country of origin.

All discussion responses including opinion must be supported with logical reasoning and deduction using examples and source material including the textbook and supplementary sources. All sources must be cited to justify your response in the text and matched in the reference list in APA style.

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