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Author Question: The diagram below shows supply and demand curves forcomic booksin the domestic Canadian ... (Read 225 times)

curls713

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Question 1

Many of the world's industrialized countries initially developed their industries with heavy tariff protection. In Canada's case, this was the basis for
◦ the National Policy of 1876.
◦ the NAFTA.
◦ reciprocity.
◦ the Charlottetown Accord.
◦ the National Energy Program of the 1980s.

Question 2

The diagram below shows supply and demand curves for comic books in the domestic Canadian market.



FIGURE 20-5

Refer to Figure 20-5. The world price is $3 per comic book. Canada engages in free international trade then imposes a $2 tariff on comic books. With this change, the foreign producers' revenue is ________ per month.


◦ $2 520 000
◦ $2 160 000
◦ $1 080 000
◦ $240 000
◦ $1 600 000


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Marked as best answer by curls713 on Oct 12, 2022

MistyHubbard

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curls713

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Reply 2 on: Oct 12, 2022
Thanks for the timely response, appreciate it


dawsa925

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Reply 3 on: Yesterday
:D TYSM

 

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