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Business, 10.03.2020 00:23 braydenmcd02
Suppose a large economy imposes a $5 tariff on a good. The world price of the good (excluding the tariff) falls from $20 to $18. Imports fall from 100 units to 60 units. The terms-of-trade gain is and the efficiency loss is . (Assume linear supply and demand curves.)
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Suppose a large economy imposes a $5 tariff on a good. The world price of the good (excluding the ta...
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