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Author Question: Suppose Canada has a 12% tariff on foreign-made cotton clothing. If the tariff is raised to 20%, ... (Read 42 times)

eboni

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on: Oct 12, 2022

Question 1

Which of the following methods of import protection leads to the largest deadweight loss for the importing country?
◦ dumping
◦ tariff
◦ countervailing duty
◦ import duty
◦ quota

Question 2

Suppose Canada has a 12% tariff on foreign-made cotton clothing. If the tariff is raised to 20%, there will be a ________ in the Canadian price of cotton clothing, ________ profits for domestic producers, and ________ in deadweight loss.
◦ fall; increased; a decrease
◦ fall; reduced; a decrease
◦ rise; reduced; an increase
◦ rise; increased; an increase
◦ rise; increased; a decrease
Microeconomics ¦ Ragan ¦ 17th Edition
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Marked as best answer by eboni on Oct 12, 2022

delmiss

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Reply #1 on: Oct 12, 2022
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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eboni

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Reply 2 on: Oct 12, 2022
:D TYSM

tandmlomax84

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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