3. Winners and losers from tariff reductions Suppose that Brazil imports semiconductors from the United States. The free market price is $22.00 per semiconductor. If the tariff on imports in Brazil is initially 28%, Brazilians pay $ per semiconductor. One of the accomplishments of the Uruguay Round that took place between 1986 and 1993 was significant across-the-board tariff cuts for industrial countries, as well as many developing countries. Suppose that as a result of the Uruguay Round, Brazil reduces its import tariffs to 14%. Assuming the price of semiconductors is still $22.00 per semiconductor, consumers now pay the price of S per semiconductor. Based on the calculations and the scenarios presented, the Uruguay Round most likely in the United States. in Brazil and

3. Winners and losers from tariff reductions Suppose that Brazil imports semiconductors from the United States. The free market price is $22.00 per semiconductor. If the tariff on imports in Brazil is initially 28%, Brazilians pay $ per semiconductor. One of the accomplishments of the Uruguay Round that took place between 1986 and 1993 was significant across-the-board tariff cuts for industrial countries, as well as many developing countries. Suppose that as a result of the Uruguay Round, Brazil reduces its import tariffs to 14%. Assuming the price of semiconductors is still $22.00 per semiconductor, consumers now pay the price of S per semiconductor. Based on the calculations and the scenarios presented, the Uruguay Round most likely in the United States. in Brazil and

ENGR.ECONOMIC ANALYSIS

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ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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3. Winners and losers from tariff reductions
Suppose that Brazil imports semiconductors from the United States. The free market price is $22.00 per semiconductor.
If the tariff on imports in Brazil is initially 28%, Brazilians pay $
per semiconductor,
One of the accomplishments of the Uruguay Round that took place between 1986 and 1993 was significant across-the-board tariff cuts for industrial
countries, as well as many developing countries. Suppose that as a result of the Uruguay Round, Brazil reduces its import tariffs to 14%.
Assuming the price of semiconductors is still $22.00 per semiconductor, consumers now pay the price of S
Based on the calculations and the scenarios presented, the Uruguay Round most likely
in the United States.
per semiconductor.
in Brazil and

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