Do Canadian consumers benefit from international trade? Why or why not?
If Canadian producers...

Question

Do Canadian consumers benefit from international trade? Why or why not? 
If Canadian producers succeed in convincing the Canadian
 government to impose tariffs on the import of a product, 
would this increase or reduce the gains to Canadian consumers? Use
 a graph to illustrate.

Robert · Accepted Answer

Do Canadian consumers benefit from international trade? Why or why not? If Canadian producers succeed in convincing the Canadian government to impose tariffs on the import of a product, would this increase or reduce the gains to Canadian consumers? Use a graph to illustrate.
Yes Canadians will benefit is the world price is lower than domestic price of the good
A tariff is like a tax on the imported...

Do Canadian consumers benefit from international trade? Why or why not? If Canadian producers succeed in convincing the Canadian government to impose tariffs on the import of a product, would this...

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