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6. (20%) Using a standard trade model (RS and RD) to analyze the terms of trade effect when a large country imposes an import tariff.
6. (20%) Using a standard trade model (RS and RD) to analyze the terms of trade effect when a large country imposes an import tariff. Specically, using a diagram to explain how the economic growth affects the RS, RD, and terms of trade. (note: you need to be clear which product is being exported and which is being imported)
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