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Quotas and tariffs there are two types of protection tariffs, which are taxes, or duties, on imported goods designed to raise the price to the level of, or above the existing domestic price, and non-tariff barriers, which include all other barriers, such as. Economic equilibrium equilibrium means a state of balance it may be referred to as a situation when opposing forces for change are in balance, either important variable do not change, or opposing variables offset each other.