Suppose that in 2008, tomato growers in Florida lobby the U.S. government to impose an import quota

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Suppose that in 2008, tomato growers in Florida lobby the U.S. government to impose an import quota on Mexican tomatoes. Explain who in the United States would gain and who would lose from such a quota.

Suppose that in response to huge job losses in the U.S. textile industry, Congress imposes a 100 percent tariff on imports of textiles from China.

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Microeconomics

ISBN: 9780131394254

10th Edition

Authors: Michael Parkin

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