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Macroeconomics 11th Edition by Michael Parkin
Edition 11ISBN: 9780133423884Macroeconomics 11th Edition by Michael Parkin
Edition 11ISBN: 9780133423884 Exercise 22
Use the following news clip to work Problem.
Car Sales Go Up as Prices Tumble
Car affordability in Australia is now at its best in 20 years, fueling a surge in sales as prices tumble. In 2000, Australia cut the tariff to 15 percent and on January 1, 2005, it cut the tariff to 10 percent.
Explain who gains and who loses from the lower tariff on imported cars.
Car Sales Go Up as Prices Tumble
Car affordability in Australia is now at its best in 20 years, fueling a surge in sales as prices tumble. In 2000, Australia cut the tariff to 15 percent and on January 1, 2005, it cut the tariff to 10 percent.
Explain who gains and who loses from the lower tariff on imported cars.
Explanation
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Verified
A tariff is a tax on a good that is impo...
Macroeconomics 11th Edition by Michael Parkin
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