Bundle: Principles of Macroeconomics, Loose-leaf Version, 7th + MindTap Economics, 1 term (6 months) Printed Access Card
Bundle: Principles of Macroeconomics, Loose-leaf Version, 7th + MindTap Economics, 1 term (6 months) Printed Access Card
7th Edition
ISBN: 9781305135420
Author: N. Gregory Mankiw
Publisher: Cengage Learning
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Chapter 1, Problem 9PA

(a):

To determine

Change in incentive for work.

(b):

To determine

Change in incentive for work and trade-off.

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I need help figuring this out. I'm pretty sure this is correct?If Zambia is open to international trade in oranges without any restrictions, it will import 180 tons of oranges.I can't figure these two out: 1) Suppose the Zambian government wants to reduce imports to exactly 60 tons of oranges to help domestic producers. A tariff of ???? per ton will achieve this.   2) A tariff set at this level would raise ????in revenue for the Zambian government.
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