Question
On a number of occasions, U.S. Senators have proposed levying a tariff on Chinese imports. Assume that the U.S. is a large open economy. Carefully
On a number of occasions, U.S. Senators have proposed levying a tariff on Chinese imports. Assume that the U.S. is a large open economy. Carefully illustrate and discuss the potential effects of such a policy on the real exchange rate, net exports, and domestic investment. How would the results change if the U.S. were a small open economy?
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Basic Economics
Authors: Frank V. Mastrianna
16th edition
1111826641, 978-0357706664, 978-1111826642
