Macroeconomics 11th Edition by Michael Parkin

تمرين 26

International Trade Restrictions
Use the following information to work the Problem.
With free trade between Australia and the United States, Australia would export beef to the United States. But the United States imposes an import quota on Australian beef.
Explain how this quota influences the price that U.S. consumers pay for beef, the quantity of beef produced in the United States, and the U.S. and the Australian gains from trade.