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Author Question: For most products, Canada is a small economy with no market power in the global market. If Canada ... (Read 115 times)

isam

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on: Oct 12, 2022

Question 1

The effect of the imposition of a new tariff on some commodity is to ________ domestic production of that commodity and ________ the domestic consumption of that commodity.
◦ leave unaffected; decrease
◦ increase; decrease
◦ increase; increase
◦ decrease; increase
◦ decrease; decrease

Question 2

For most products, Canada is a small economy with no market power in the global market. If Canada imposed a tariff on imported goods from a low-wage foreign country, this would
◦ increase national income in the low-wage country.
◦ reduce the price of the imported good in Canada.
◦ reduce the advantages of specialization and trade.
◦ increase the income of the foreign producer.
◦ equalize the costs of production between the two countries.
Microeconomics ¦ Ragan ¦ 17th Edition
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Marked as best answer by isam on Oct 12, 2022

reactx

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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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isam

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

isabelt_18

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

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