trade sub analysis Flashcards
1
Q
trade subsidy analysis
A
-price unchanged
-domestic demand unchanged
-domestic supply increased
-imports decreased
-domestic prod rev increased (box botto left)
-foreign prod rev fallen
-gov cost
-DWL
macroeconomics > trade sub analysis > Flashcards
trade subsidy analysis
-price unchanged
-domestic demand unchanged
-domestic supply increased
-imports decreased
-domestic prod rev increased (box botto left)
-foreign prod rev fallen
-gov cost
-DWL