Answered: For a large country import tariffs will…

For a large country import tariffs will yield a price increase for domestic consumer that is A higher than the tariff itself B equal to the tariff itself C smaller than the tariff itself

Principles of Microeconomics

7th Edition

ISBN:9781305156050

Author:N. Gregory Mankiw

Publisher:N. Gregory Mankiw

Chapter9: Application: International Trade

Section: Chapter Questions

Problem 4CQQ

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Question

For a large country import tariffs will yield a price increase for domestic consumer that is

A

_{higher than the tariff itself}

B

_{equal to the tariff itself}

C

smaller than the tariff itself

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