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International Economics Chapter 11 Problem Set Suppose the United States could import footwear from Thailand at the price of $20 per pair or from Mexico

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International Economics Chapter 11 Problem Set Suppose the United States could import footwear from Thailand at the price of $20 per pair or from Mexico at $24 per pair. The domestic price of footwear in the United States is $35. Suppose prior to NAFTA, the US. imposed a 50% tariff on all footwear entering the country. a. Prior to NAFTA, would the United States import footwear? If yes, from which country? (3 points)

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