GLOBAL ECONOMICS

CLA 1- Comprehensive Learning Assessment I – CLO1, CLO2, CLO3 (a) Using a demand/supply diagram, illustrate and explain the effects of the imposition of an export tax on a good Y by a home country’s government on (i) the home country’s consumers of Y, (ii) the home country’s producers of Y, and (iii) the home government’s tax revenues. (Assume that the country is a “small” country.) Then evaluate the “net welfare effect” of the tax on the country. Why might a country want to impose an export tax? Explain. (b) Suppose now that the country imposing the export tax in part (a) of this question is a “large” country rather than a “small” country. Is it an advantage or a disadvantage for a country to be “large” rather than “small” when it imposes an export tax? Explain.

Don't use plagiarized sources. Get Your Custom Essay on
GLOBAL ECONOMICS
For $10/Page 0nly
Order Essay
Calculator

Calculate the price of your paper

Total price:$26

Need a better grade?
We've got you covered.

Order your paper