PRINCIPLES OF MACROECONOMICS(LOOSELEAF)
7th Edition
ISBN: 9781260110920
Author: Frank
Publisher: MCG
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Chapter 16, Problem 6P
(a)
To determine
Identify the equilibrium price and production of automobiles if that the economy is closed.
(b)
To determine
Identify the domestic demand, supply, exports, and imports of the country, in the case of open trade.
(c)
To determine
Describe the effects of tariffs in domestic demand and supply.
(d)
To determine
Describe the effect of tariff in export and import and revenue attained by the government.
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Chapter 16 Solutions
PRINCIPLES OF MACROECONOMICS(LOOSELEAF)
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