Difference between Tariffs and Quotas?

Answer

The difference between tariffs and import quotes is that a tariff is a tax that is on imports. Meanwhile, an import quote just limits the amount of a certain thing that can come into a country. They are both measures that are used in order to protect the economy of the country by restricting international trade.
Q&A Related to "Difference between Tariffs and Quotas?"
Taxes are collected internally while tariffs are collected on imports.
http://wiki.answers.com/Q/How+does+the+revenue+eff...
A tariff is a tax imposed on an imported good. In some cases, the taxes are so exorbitant that no buyer wishes to import them overseas, and the buyer must seek local vendors to supply
http://www.ehow.com/info_8458339_difference-betwee...
A quota is a limit on the number of imports of a certian product
http://www.chacha.com/question/what-is-the-differe...
similarities: they both restrict trade with foreign companies/countries. if the good being imported is a foreign cultural good that only foreign companies should produce, then it
http://answers.yahoo.com/question/index?qid=201006...
Explore this Topic
Tariffs are taxes, or the amount of money a country needs to pay for trading products. Quotas are the limitations on what is traded, how much is traded, how much ...
A tariff is a tax imposed on an imported good. In some cases, the taxes are so exorbitant that no buyer wishes to import them overseas, and the buyer must seek ...
A tariff is a tax imposed on an imported good. In some cases, the taxes are so exorbitant that no buyer wishes to import them overseas, and the buyer must seek ...
About -  Privacy -  AskEraser  -  Careers -  Ask Blog -  Mobile -  Help -  Feedback © 2014 Ask.com