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INTERNATIONAL TRADE - ECON 4431W Textbook: INTERNATIONAL ECONOMICS by Appleyard and Field (9th edition; McGraw Hill) 1.True/False? Explain and give diagrams when needed. a. There
INTERNATIONAL TRADE - ECON 4431W
Textbook: INTERNATIONAL ECONOMICS by Appleyard and Field (9th edition; McGraw Hill)
1.True/False? Explain and give diagrams when needed.
a. There are no benefits to a small country from imposing a tariff.
b. Import quotas always help domestic consumers.
c. Import quotas always help domestic producers.
d. Import quotas always help the domestic government.
e. Export subsidies in a small country lead to a fall in the world price and an increase in exports.
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