Who gains and who loses from a tariff? How do the effects of tariffs differ from the effects of quotas? If you were a small country, what would you rather utilize?
Amacher, R., & Pate, J. (2013). Microeconomics principles and policies [Electronic version].
Chapter 12: Marginal Productivity Theory and Labor Markets
Chapter 13: Poverty, Inequality, and Income Redistribution Policies
Chapter 14: Government Failure and Public Choice
Chapter 15: Global Trade
