【单选题】Assume that country X produces two goods–sugar and shoes—and that the country’s production possibility curve is “bowed-out.” As the country produces more sugar the opportunity cost of sugar in terms o...
【单选题】At free-trade prices, a bicycle in country X sells for $100 when the per-unit cost of material inputs is $90. Country X has a nominal tariff rate of 15% on bicycles, and 10% on the material inputs. Ba...