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Author Question: The table below shows the prices in Canada of one kilogram of cheddar cheese produced in three ... (Read 76 times)

Caileynorton

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on: Oct 12, 2022

Question 1

Suppose the Canadian government imposes trade restrictions (tariffs or quotas) on the import of steel. Which of the following groups are likely to be in favour of this policy?
◦ foreign steel producers
◦ Canadian consumers
◦ Canadian steelworkers' union
◦ foreign steel consumers
◦ Canadian automotive union

Question 2

The table below shows the prices in Canada of one kilogram of cheddar cheese produced in three different countries. Assume that all cheddar cheese is identical.

Producing CountryCanadian Price in $Canadian Price in $
​Free Trade40% Import Tariff
Canada10.00________
United Kingdom  9.00________
United States  8.00________

TABLE 20-1

Refer to Table 20-1. If Canada has a 40% tariff in place on the import of cheddar cheese, the price per kilogram of cheese from Canada, United Kingdom and United States respectively, is
◦ $10, $10 and $10.
◦ $10, $9.00 and $8.00.
◦ $10, $12.60 and $11.20.
◦ $14, $9.00 and $8.00.
◦ $14, $12.60 and $11.20.
Microeconomics ¦ Ragan ¦ 17th Edition
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Marked as best answer by Caileynorton on Oct 12, 2022

jbsuccess1

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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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Caileynorton

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Reply 2 on: Oct 12, 2022
YES! Correct, THANKS for helping me on my review

jackie

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Reply 3 on: Yesterday
:D TYSM

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