Both tariffs and quotas tend to - social welfare. That is, they increase - for domestic consumers and decrease - of the restricted good. In some cases, such as the U. S. shoe market, tariffs on cheap goods hurt - consumers the most, making the tariff an example of a regressive tax.
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Home » Business » Both tariffs and quotas tend to - social welfare. That is, they increase - for domestic consumers and decrease - of the restricted good. In some cases, such as the U. S.