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Discuss the welfare effects in the two countries

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Reference no: EM132909155

Assume that country X subsidises its exports and country Y imposes a countervailing tariff that offset the subsidy. Explain why the relative prices in country Y would be unchanged. Discuss the welfare effects in the two countries.

What would be the effect if country Y retaliates with an export subsidy but without countervailing tariffs on the product?

Reference no: EM132909155

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