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INTERNATIONAL TRADE - ECON 4431W Textbook: INTERNATIONAL ECONOMICS by Appleyard and Field (9th edition; McGraw Hill) 1.Explain with diagram a. Compare effects of an export

INTERNATIONAL TRADE - ECON 4431W

Textbook: INTERNATIONAL ECONOMICS by Appleyard and Field (9th edition; McGraw Hill)

1.Explain with diagram

a. Compare effects of an export tax and an export quota imposed by a large country. Which is "better" for which country? Why?

b. Compare effects of the same trade restriction on a large and small country (tariff, import quota, export tax, export quota, export subsidy). What is the reason for the differences?

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