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book Econ 4th Edition by William McEachern cover

Econ 4th Edition by William McEachern

النسخة 4الرقم المعياري الدولي: 978-1285423548
book Econ 4th Edition by William McEachern cover

Econ 4th Edition by William McEachern

النسخة 4الرقم المعياري الدولي: 978-1285423548
تمرين 6
TRADE RESTRICTIONS Suppose that the world price for steel is below the U.S. domestic price, but the government requires that all steel used in the United States be domestically produced.
a. Use a diagram like the one in Exhibit 7 to show the gains and losses from such a policy.
b. How could you estimate the net welfare loss (deadweight loss) from such a diagram?
c. What response to such a policy would you expect from industries (like automobile producers) that use U.S. steel?
d. What government revenues are generated by this policy? TRADE RESTRICTIONS Suppose that the world price for steel is below the U.S. domestic price, but the government requires that all steel used in the United States be domestically produced. a. Use a diagram like the one in Exhibit 7 to show the gains and losses from such a policy. b. How could you estimate the net welfare loss (deadweight loss) from such a diagram? c. What response to such a policy would you expect from industries (like automobile producers) that use U.S. steel? d. What government revenues are generated by this policy?
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a. Benefit and loss of tariff:
The foll...

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Econ 4th Edition by William McEachern
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