Solution-Difference between a big and a small country

Difference between a big and a small country

Reference no: EM132479741

(a) What is the difference between a "big" and a "small" country in models of trade?

(b) Suppose that Canada is considering two different ways of paying for wheat breed in Canada:

(a) an enhanced checkoff and

(b) spending public funds raised through a tax on consumers (or some combination of the two).

The government has asked for your input as to which system is "fairer". The government defines fair as meaning that those who benefit from research should be the ones who pay for it. Define which system you think would be fair (according to the government's definition) if:

i. Canada did not trade wheat

ii. Canada did trade wheat and was a "small" country

iii. Canada did trade wheat and was a "big" country

Reference no: EM132479741

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Difference between a big and a small country

Reference no: EM132479741

Reference no: EM132479741

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