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.

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The Effects of Tariffs and Quotas. Tariffs indirectly limit imports by imposing taxes on imported items whereas . 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.






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