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Tariffs indirectly limit imports by imposing taxes on imported items whereas quotas directly limit the quantity of imports. Compare and contrast tariffs and quotas in their effects on the U.S. economy in areas such as gross domestic product (GDP), inflation, employment or unemployment, producers and workers, consumers, and economic welfare. Are you in favor of tariffs and quotas or against them? Explain your reasoning.
Minimum of 300 words.
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Research Paper Topic Selection Information As noted in the syllabus, you will be writing a research paper in this course. The research paper will be written in APA format and will require 10 pages of text, a cover page, and a references page. You will be required to use a
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