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Countervailing duties are used to offset any advantages that foreign exporters might gain over domestic producers because of foreign:

If a quota license is awarded to a domestic firm without an auction, it may generate bribes or lobbying spending to earn this revenue.  Economists call this a(n) ________ activity.

The safeguard provision or escape clause allows a country to:

Use the figure below to answer the following question. The government revenue due to the import tariff is:  

Use the figure below to answer the following question. For the large-country case, the tariff-inclusive price of the product  is ________ and the amount imported after the tariff has been imposed is ________ units.

In order to justify limiting imports to ensure the survival of the “infant industry,” and to justify government protection, what conditions should exist?

Studies of NAFTA have concluded that from 1994 to 2003, free trade caused ______________in the productivity of Mexican maquiladora firms producing for export than for Mexican firms mainly producing for the Mexican domestic market:

In the long run, when factors of production are mobile, an increase in the relative price of a good will increase the real earnings of the factor used intensively in the production of that good. This is known as:

The gravity equation uses a calculation to predict the level of bilateral trade based directly on __________ and inversely on __________.

What did the gravity equation predict about trade within and beyond the borders of a nation?