Top Posters
Since Sunday
c
6
r
4
c
3
m
3
h
3
1
3
n
3
s
3
d
3
c
3
a
3
r
3
Home Q & A Board Other Fields Homework Help Business Economics
New Topic  
mariasmakatof mariasmakatof
wrote...
Go to Answer
Posts: 153
Rep: 0 0
A year ago
Suppose Canada has a 20% tariff on the import of carpets, and Canada currently imports this product from India at a with-tariff price of $22. The with-tariff price of identical carpets from the United States is $24. Now suppose a free-trade agreement with the U.S. eliminates the tariff and so the no-tariff price from the U.S. is $20. Canada now purchases carpets from the U.S. This is an example of

▸ trade diversion.

▸ specialization.

▸ a countervailing duty.

▸ trade creation.

▸ dumping.
Textbook 
Microeconomics

Microeconomics


Edition: 17th
Author:
Read 57 times
1 Reply
Replies
Answer verified by a subject expert
overlandtrailoverlandtrail
wrote...
#1
Posts: 176
Rep: 0 0
A year ago
Sign in or Sign up in seconds to unlock everything for free
More solutions for this book are available here
1

Related Topics

mariasmakatof Author
wrote...

A year ago
This site is awesome
elizabetheldrid
wrote...

Yesterday
Thanks for your help!!
hmonier
wrote...

2 hours ago
I appreciate what you did here, answered it right Smiling Face with Open Mouth
New Topic      
Quick Reply
Explore
Post your homework questions and get free online help from our incredible volunteers
  1132 People Browsing
Start New Topic Take the Tour CoursesNew Study Tools Topics Trending Browse by Textbook
Live Chat
Related Images
  
 238
  
 292
  
 592
Your Opinion
Who's your favorite biologist?
Votes: 608
Previous poll results: Who will win the 2024 president election?