=+10. Imagine that two identical countries have restricted imports to identical levels, but that one has done
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=+10. Imagine that two identical countries have restricted imports to identical levels, but that one has done so using tariffs while the other has done so using quotas. After these policies are in place, both countries experience identical, balanced expansions of
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Related Book For
International Economics
ISBN: 9780132146654
9th Edition
Authors: Paul R. Krugman, Maurice Obstfeld, Marc Melitz
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