The major difference between a quota imposed on imports and a tariff is that:

with a quota there are no revenues that flow to the government.
a quota affects only producer surplus, while a tariff affects both producer and consumer surpluses.
a tariff affects only producer surplus, while a quota affects both producer and consumer surpluses.
a tariff affects only producer surplus, while a quota affects only consumer surplus.


Economists argue that freer trade:

helps consumers but may harm some existing producers.
helps producers but may hame some consumers.
helps both consumers and existing producers.
harms both consumers and existing producers.


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