Question
INTERNATIONAL TRADE - ECON 4431W Textbook: INTERNATIONAL ECONOMICS by Appleyard and Field (9th edition; McGraw Hill) 1.Analyze the welfare effects of a small country when
INTERNATIONAL TRADE - ECON 4431W
Textbook: INTERNATIONAL ECONOMICS by Appleyard and Field (9th edition; McGraw Hill)
1.Analyze the welfare effects of a small country when subject to an export quota. Draw a detailed diagram and explain.
a.Who gains and who loses in this situation?
b.Based on your answer above, who will be in favor of the export quota?
c. What effects does an import quota have on a large country?
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Microeconomics
Authors: Robert S. Pindyck, Daniel L. Rubinfeld
7th edition
8131725995, 8131725993, 978-8131725993
