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Optimum Tariffs and Retaliation

  • Ali M. El-Agraa

Abstract

In the previous chapter, the economic consequences of tariff imposition were analysed under conditions of constant t/t. However, in a world economy, the imports of one country are the exports of another, so the imposition of a tariff on one commodity by one country should be analysed in terms of the markets in both countries.

Keywords

International Trade Free Trade Tariff Rate Domestic Price World Price 
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Copyright information

© Ali M. El-Agraa 1989

Authors and Affiliations

  • Ali M. El-Agraa
    • 1
    • 2
  1. 1.University of LeedsUK
  2. 2.Fukuoka UniversityJapan

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