Search results

With no tariff, the price for the good is $20. With the $10 tariff, that price rises to $30. At this point there are no imports as you said, domestic demand and supply are in equilibrium. Therefore, when the tariff is reduced to $5, the price of the good becomes $25 and domestic output reduces...

Not that I like him, but I'm predicting Murray. Would absolutely love to see Djoko v Wawrinka semi-final as Djokovic takes his revenge.

'Catch up and convergence'. Many developing and emerging economies in the modern globalisation era have experienced big increases in their access to technology, where as advanced economies have already had access to and benefitted from the same technologies. The result is emerging and developing...

I said to a large extent because even though it was always his dream to go to Canada, the fact that he has a friend there and now a job makes the move to a new country much easier, thus making a big difference between just dreaming about Canada and actually living in Canada.