ECON MICRO
5th Edition
ISBN: 9781337000536
Author: William A. McEachern
Publisher: Cengage Learning
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Question
Chapter 19, Problem 2.7P
To determine
The gains and losses to the economies of countries that deal in the export of sugar.
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PRICE (Dollars per ton)
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The following graph shows the domestic supply of and demand for soybeans in Honduras. The world price (Pw) of soybeans is $530 per ton and is
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PRICE (Dollars perton)
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1165
1110
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1000
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QUANTITY (Tons of nrannee)
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(Trade Restriction) The below 3 graphs show net losses to the economy of the country that imposed tariffs or quotas on imported sugar. What kinds of gains and losses would occur in the economies of countries that export sugar?
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