Chapter 8 – Trade Policy Instruments

Tariff: a tax levied when a good is imported. specific tariffs (fixed charge – in dollars) ad valorem tariff (% of value of good) True purpose: not just government revenue, but also to protect particular domestic sectors )Corn Laws, e.g.) Partial equilibrium analysis: just focus on protected industry. Use “import demand” and export supply ... ................
................

In order to avoid copyright disputes, this page is only a partial summary.

Google Online Preview   Download