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How tariff affect domestic producer and consumer surplus

Assignment Help Macroeconomics
Reference no: EM131919455

Problem

1. Suppose a country opens its trade borders and becomes a net-exporter of beef. Is it better for domestic consumers of beef if the country is a large player on the world market or a small player?

2. Suppose Mexico wants to protect its domestic automobile industry from U.S. and Japanese competition. How will a tariff on imported cars help it to accomplish this task? How does the tariff affect domestic producer and consumer surplus?

Reference no: EM131919455

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