What government revenues are generated by the policy

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Reference no: EM13237601

SUPPOSE THE WORLD PRICE FOR STEEL IN BELOW THE U.S. DOMESTIC PRICE, BUT THE GOVERNMENT REQUIRES THAT ALL STEAL USED IN THE U.S. BE DOMESTICALY PRODUCED.

A. USE A DIAGRAM TO SHOW GAINS AND LOSES FROM SUCH A POLICY.

B. HOW COULD YOU ESTIMATE THE NET WELFARE LOSS (DEAD WEIGHT LOSS)FROM SUCH A DIAGRAM?

C. WHAT RESPONCE TO SUCH A POLICY WOULD YOU EXPECT FROM INDUSTRIES LIKE AUTOMOBILE PRODUCERS, THAT USE U.S. STEEL?

D. WHAT GOVERNMENT REVENUES ARE GENERATED BY THIS POLICY?

Reference no: EM13237601

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