Referencing Styles : Not Selected 1. Explain why economists often prefer tariffs to quotas 2. Consider the following general equilibrium model for a small country. Using the model, carefully explain the effects of a tariff on the import good if S1 is where we produce and C1 is where we consume with free trade. What are the welfare effects for this small country? What are the effects on exports? On imports? On domestic production of both goods?