The effects of tariffs and quotas are: a(n) in the prices of imported goods to domestic consumers, and a(n) in imports.

Increase

Reduction

Explanation:

A tariff is a tax on import or export of goods and services.

Tariffs increases the prices of products and thus reduce the amount of imports.

Quotas is when the government or an agency of the government limits the amount of goods and services that can be imported or exported.

Due to the reduced inflow of goods due to quotas, the price of goods imported would rise.

I hope my answer helps you

the investment was $14,174.196

explanation:

a lump sum means that the father of the example made one deposit and leave it be.

we need to know the value of a capital that generated at 4.05% per year during 28 years the sum of $48,613.24

now clearing the formula to solve for capital we got:

and we reach the answer investment = $14,174.20