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International Economics 8th Edition by Dennis Appleyard, Alfred Field
Edition 8ISBN: 9780078021671International Economics 8th Edition by Dennis Appleyard, Alfred Field
Edition 8ISBN: 9780078021671 Exercise 3
The terms of trade for a large country improve with every successive increase in a tariff, so why is the optimum tariff rate for the country not infinite, even assuming no retaliation by a trading partner?
Explanation
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The terms of trade refers the ratio of e...
International Economics 8th Edition by Dennis Appleyard, Alfred Field
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