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Figure 4.2. Import Tariff Levied by a Large Country SUS 630 Sus . w +1 550 Sus . w 475 450 425 Dus 5 10
Figure 4.2. Import Tariff Levied by a Large Country SUS 630 Sus . w +1 550 Sus . w 475 450 425 Dus 5 10 20 30 40 50 55 Tons of Steel Consider Figure 4.2. Imagine the United States goes from a free trade outcome to an autarky outcome. The overall welfare of the United States O A. rises by $1750. O B. rises by $1100. O C. rises by $250. $2500
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