The following figure illustrates the demand and supply curves for PCs in a small country.

-With free trade the country imports:
A) Q1.
B) Q2.
C) Q3.
D) Q1 to Q5.
Correct Answer:
Verified
Q2: The following figure illustrates the demand and
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Q4: Show why an "auction quota" would tend
Q5: You are the trade minister of a
Q6: Show why a quota is worse than
Q7: Consider a choice between a quota and
Q8: Explain why the abolition of "sweatshops" in
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Q10: Explain the effects of transportation costs on
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