Some argue that tariffs always hurt the imposing country's ...

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Some argue that tariffs always hurt the imposing country's economic welfare, and are typically designed to shift resources from one sector to another, protected or preferred one, within an economy. Find and discuss a counter example to this argument.
 
  What will be an ideal response?

Question 2

A European option can only be exercised on the final day, the expiration date.
 
  Indicate whether the statement is true or false

[ultraflyy23]

Answer to Question 1

The optimum tariff is theoretically a first-best trade policy.

Answer to Question 2

TRUE