Reducing protection of imports

Reference no: EM1373696

During the 1980s Australia has been steadily decreasing the level of protection on its imports.

[A] Determine some of the models that predict the EFFECT that decreasing protection of imports will have on FACTOR PRICES? Briefly explain the effects shown by these models.
Note: I am looking for at least three different models, unless there are only 2.

[B] How useful are these models in examine a country like Australia?

Reference no: EM1373696

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