The small country assumption is made in developing models of international trade because it applies to US markets.
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Q74: Imposing a quota on the import of
Q75: We can conclude that international trade is
Q76: When markets open up to international trade,
Q77: Figure 9-7
The following diagram shows the domestic
Q78: Since a tariff can increase employment in
Q80: A tax on an imported good is
Q81: Scenario 9-2
Suppose domestic demand and domestic
Q82: Figure 9-8
The following diagram shows the domestic
Q83: Scenario 9-2
Suppose domestic demand and domestic
Q84: Figure 9-9
The following diagram shows the domestic
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