Macroeconomics 11th Edition by Michael Parkin

تمرين 20

International Trade Restrictions
Use the following information to work the Problem.
Suppose that in response to huge job losses in the U.S. textile industry, Congress imposes a 100 percent tariff on imports of textiles from China.
Explain how the tariff on textiles will change the price that U.S. buyers pay for textiles, the quantity of textiles imported, and the quantity of textiles produced in the United States.