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True/False (a) (Chapter 8) The optimal tariff for a large country minimizes the deadweight loss of a tariff. (b) (Chapter 11) In trade negotiations a
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(a) (Chapter 8) The optimal tariff for a large country minimizes the deadweight loss of a tariff.
(b) (Chapter 11) In trade negotiations a gain for one country is a loss for another country, so a a multilateral trade agreement cannot make all the parties better off.
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