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The efficiency case made for free trade is that as trade distortions such as tariffs are dismantled

Chako

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8 years ago

The efficiency case made for free trade is that as trade distortions such as tariffs are dismantled

The efficiency case made for free trade is that as trade distortions such as tariffs are dismantled and removed
A) deadweight losses for producers and consumers will decrease, hence decreasing national economic welfare.
B) government tariff revenue will decrease, and therefore national economic welfare will increase.
C) government tariff revenue will increase, hence increasing national economic welfare.
D) deadweight losses for producers and consumers will decrease, hence increasing national economic welfare.
E) government tariff revenue will decrease, and therefore national economic welfare will decrease.

Textbook

International Economics: Theory and Policy

Edition: 10^th

Author: Krugman

Read 121 times

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machukian

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Chako Author

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8 years ago

Good answer, thank you

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machukian

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8 years ago

Good luck

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