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Suppose Turkey imports wheat. Initially, Turkey was buying wheat at the world price. Then, the government decides to place tariffs on wheat, arguing that foreign
Suppose Turkey imports wheat. Initially, Turkey was buying wheat at the world price. Then, the government decides to place tariffs on wheat, arguing that foreign products are hurting Turkish farmers and hence the citizens of Turkey. As a result of the tariff, Question 11 options: Turkish consumers of wheat become worse off and Turkish producers of wheat become worse off. Turkish consumers of wheat become worse off and Turkish producers of wheat become better off. Turkish consumers of wheat become better off and Turkish producers of wheat become worse off. Turkish consumers of wheat become better off and Turkish producers of wheat become better off.\
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