Chapter 9 - Application: International Trade

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Macroeconomics

Last updated 7:53 PM on 4/13/22

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1

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tariff

The ________ has no impact on a nation when it becomes an exporter.

2

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domestic quantity

The ________ supplied differs from the ________ demanded.

3

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price of products both

The ________ imported and domestic- rises by the amount of the tariff and is, therefore, closer to the price that would prevail without trade.

4

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tariff

A(n) ________ raises the domestic price of products above the world price.