Economics Readings Site By Colin Ong

This blog has been created to provide an area for economics students to read about how economics impacts daily life. It is especially useful for students to understand the application of macroeconomics as communicated through the media and governmental websites.

This online resource has been set up for educational purposes.All rights are reserved by the various websites.

For further clarification, please email colin@mrmc.com.sg

MCQ 5

clipped from www.bized.co.uk
The main advantage of quotas as compared to tariffs in the view of policymakers is


(Select one answer)






(a) * quotas are easier to get passed in Parliament

(b) * quotas remove the uncertainty about the quantity of imports

(c) * quotas have the strong support of economists

(d) * quotas are less expensive to administer
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