American apparel makers complain to Congress about competition from China. Congress decides to impose either a tariff or a quota on apparel imports from China. Which policy would Chinese apparel manufacturers prefer?A.tariffB.Quota

The reason is that the China has an competitive advantage of less costly workers and also that they are highly competitive in terms of prices. Usually the quality of American’s products are far much better in quality and technology. This means if the tariffs are imposed on Chinese products then their are huge revenue losses to Chinese apparel manufacturers. Whereas quota will enable them to sale their products to America which shows lower revenue losses.

So quota is far much better for Chinese manufacturer’s in case if America decides to use protectionist approach, I mean America decides to imposed trade barriers for Chinese companies to protect American companies.

Lanuel Lanuel · Answer 2 · 2021-12-04T01:55:30+01:00

The policy which Chinese apparel manufacturers would most likely prefer is: B. Quota.

A tariff refer to a type of tax levied by the government of a country on goods and services that are imported from another country.

This ultimately implies that, tariffs are taxes placed on imported goods and they are used to give goods that are produced domestically an advantage in the market.

In international trade, a quota can be defined as a government-imposed limit on the quantity or monetary value of goods and services that may be imported or exported into the country over a specified period of time.

Thus, it is typically imposed by the government of a country, in order to create and maintain a balance of trade with its trading partners (countries).

All things being equal (ceteris paribus), a quota would favor and benefit foreign producers because it increase the prices of imported goods and the additional revenue goes to the foreign country rather than the domestic country.

In conclusion, the policy which Chinese apparel manufacturers would most likely prefer is quota.

Read more on tariffs and quotas here: https://brainly.com/question/21123838